A good that if supplied to one person is supplied to all and whose consumption by one individual does not prevent its consumption by another individual is known as:
A) a private good.
B) a public good.
C) an external good.
D) an internal good.
Correct Answer:
Verified
Q110: In economic terminology, a free rider is
Q111: Refer to the graph shown. The free
Q112: Television broadcasts are often given as examples
Q113: Do economists tend to favor a system
Q114: Suppose there are only two firms that
Q116: In the case of a public good,
Q117: A system in which power plants buy
Q118: Which of the following does not illustrate
Q119: The unwillingness of individuals to share in
Q120: Refer to the graph shown. The amount
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents