The tragedy of the commons occurs for goods that are: Select one: a. Rival and excludable b. Rival and nonexcludable c. Nonrival and nonexcludable d. Nonrival and excludable Which of the following is...

The tragedy of the commons occurs for goods that are: Select one: a. Rival and excludable b. Rival and nonexcludable c. Nonrival and nonexcludable d. Nonrival and excludable

Which of the following is NOT true about subsidies? Select one: a. a subsidy is a government-provided financial incentive to encourage consumption b. the goal of a subsidy is to increase quantity to the socially optimal level c. a subsidy reduces the costs for consumers d. a subsidy is firm-provided financial incentive to encourage consumption