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Economics › Budget, Fiscal Policy

Economics › Budget, Fiscal Policy

If a commodity is provided free to the public by the Government, then

Options

(a)

the opportunity cost is zero.

(b)

the opportunity cost is ignored.

(c)

the opportunity cost is transferred from the consumers of the product to the tax-paying public.

(d)

the opportunity cost is transferred from the consumers of the product to the Government.

Answer

(D)