What is meant by a pure public good?
A) A pure public good is a good that is provided by private firms for the benefit of the public.
B) A pure public good is a good which reduces in quantity as increasing amounts are consumed.
C) A pure public good is a good which is nonrival and nonexclusive.
D) A pure public good is a good that gives the same level of utility to each consumer.
E) A pure public good is a good for which consumption is restricted to paying consumers.
Correct Answer:
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