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10 questions from this quiz
Excludability and rivalry
A good that is non-excludable & non-rival
Consumers have no incentive to pay for it
It is non-excludable and non-rivalrous
Some traders have better info than others
Sellers have better info than buyers
High-risk people more likely to insure
Insured people take more risks
Perceived private benefits < social benefits
Goods undervalued by consumers
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