Why are there no markets for free goods?
(a) Consumers' valuation of free goods is the same at all levels of demand.
(b) Free goods are non-excludable.
(c) The demand for free goods is infinite.
(d) The supply of free goods is sufficient to satisfy all demand at zero price.
I need the answer and the reasoning behind it. Thanks.
(a) Consumers' valuation of free goods is the same at all levels of demand.
(b) Free goods are non-excludable.
(c) The demand for free goods is infinite.
(d) The supply of free goods is sufficient to satisfy all demand at zero price.
I need the answer and the reasoning behind it. Thanks.