The externality of pollution has the basic characteristics of a
A) perishable good.
B) private good.
C) collective good.
D) forced good.

Question

Quizplus · Accepted Answer

The externality of pollution is a collective good because it is a type of public good with non-excludable and non-rivalrous characteristics. This means that the pollution affects the general public, and it cannot be excluded from those who do not pay for it. Additionally, one person's consumption or production of pollution does not diminish the amount available for others. Thus, it is necessary for the government to regulate pollution through policies and regulations.

The Externality of Pollution Has the Basic Characteristics of a