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4vir4ik [10]
1 year ago
8

Though markets can provide goods that are excludable but nonrival, they do so at the price of: equity. inefficiency. inequity. e

fficiency
Business
1 answer:
OverLord2011 [107]1 year ago
5 0

Though markets can provide goods that are excludable but nonrival, they do so at the price of <u>inefficiency </u>

Explanation:

An excludable but non-rival product is also known as 'club goods'

Unlike public goods which are accessible to everyone and have no rivals, club goods are not accessible to everyone, only to those who can pay for them. At the same time, they have no rivals in the market.

This is a clear indication of an inefficient economy because such a product means there is a monopoly operating in the market.

An example of this can be a cable operator in an area. It dominates the market and has no rivals or competitors but its service is only accessible to people who can pay for it. However, in the same area, a Free Public television channel is the opposite, having no rivals but also being accessible.



To learn more about excludable but non-rival goods Click here: brainly.com/question/25498461

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3 years ago
Write down the factors on which supply flexibility is based.
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According to Hackman and Oldham's job characteristics model, what type of employee would most likely be satisfied and perform at
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The type of employee that would most likely be satisfied and perform at a high level is motivated employee.

<h3>Who is Hackman and Oldham?</h3>

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Read more on about Hackman and Oldham here: brainly.com/question/13103980

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8 0
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NEED ANSWER ASAP
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Warranty service, processing of complaints, and costs of litigation are examples of Multiple Choice appraisal costs. internal fa
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Examples of internal failure costs include warranty service and complaint handling. As a result, choice b is accurate.

<h3>What do you mean by internal failure cost?</h3>

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