If by consuming a good I make that good less valuable, but not worthless, to you

Question

If by consuming a good I make that good less valuable, but not worthless, to you, that good is which of the following? Purely excludable Partially excludable Purely rival Partially rival Both a and c In general, which of the following is true? Private markets overprovide public goods. Private markets underprovide public goods. Private markets provide the socially optimal amount of public good. Public goods must be priced at more than twice their price in the private market in order to provide the socially optimal amount. Both b and d are correct. Which of these terms describes an individual that receives utility not only from the amount of a public good but also their own contribution? Free riders Utility maximize Irrational Actuarially adjusted Altruistic In private markets, which of the following are true at the optimum: The marginal rate of substitution for each individual is equal to the price ratio Market demand is determined by the vertical summing of individual demand curves Market demand is determined by the horizontal summing of individual demand curves Social welfare is maximized Both a and c

Explanation / Answer

21) answer is "e"

22) answer is "e"

23) answer is "d"

24) answer is "c"

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