& Foie goods are often under produced because (a) Corporations rarely pay their fair share (b) Most public goods have already been provided (©) Private goods already satisfy consumer needs @Free riders receive benefits but avoid paying Z-Which of the following is a feathre of a PRIVATE good? (a) Itis produced by the state and provided freely ) It generates significant external benefits Only individuals who pay for the good will be able to consume it (d) It suffers from the free rider problem the econ ofcatbod monoxide which is a form of pollution is an example of (a) An external benefit (b) A merit good (©) A public good external cost a goods are characterized by: @ Rivalry and excludability , (b) Rivalry and non-excludability ©) Non-rivalry and non-excludability (@) Non -rivalry and excludability 9-The free rider problem arises because : (a) Private goods may also be public goods (b) Public goods have no cost of production @ Iris possible to consume a public good without paying for it (@) The cost of producing public goods is high XL Which of the following is correct? (a) PC=SC+EC IPC = SC-EC SC + PC=EC = @ EC-SC=PC waWhich of the following would be considered a demerit good? (a) Skittles alcohol (b) Pavement Handbag