1.Which of the following items is an example of a nonexcludable but rival good or​ resource? A.a radio broadcast signal B.cable television C.a national park D.a pizza 2.Choose the statement about ITQs that is incorrect. A.An ITQ system is used when producers are difficult to monitor and where marginal costs differ across producers. B.ITQs are traded at their market price. C.ITQs, like production quotas in other​ markets, produce a deadweight loss. D.A market in ITQs emerges. 3.When a production quota is used that makes the market for a common resource​ efficient, _______. A.the production quota is set for total production at the quantity at which marginal social benefit equals marginal social cost B.there is no incentive for producers to cheat C.marginal social benefit is greater than marginal social cost at the quantity produced D.the production quota is set for total production at the quantity at which marginal social benefit equals marginal private cost

1.Which of the following items is an example of a nonexcludable but rival good or​ resource?

A.a radio broadcast signal

B.cable television

C.a national park

D.a pizza

2.Choose the statement about ITQs that is incorrect.

A.An ITQ system is used when producers are difficult to monitor and where marginal costs differ across producers.

B.ITQs are traded at their market price.

C.ITQs, like production quotas in other​ markets, produce a deadweight loss.

D.A market in ITQs emerges.

3.When a production quota is used that makes the market for a common resource​ efficient, _______.

A.the production quota is set for total production at the quantity at which marginal social benefit equals marginal social cost

B.there is no incentive for producers to cheat

C.marginal social benefit is greater than marginal social cost at the quantity produced

D.the production quota is set for total production at the quantity at which marginal social benefit equals marginal private cost

 

 

 

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