Which of the following is most likely a private good?
A) Police protection
B) Cars
C) Highways
D) Parks
Correct Answer:
Verified
Q3: A public good is a good that:
A)
Q4: If market prices and sales are used
Q5: A private good is a good that:
A)
Q6: In economics,a public good:
A) Is any good
Q7: A private good is unique because:
A) Nonpayers
Q9: Market failure establishes a basis for:
A) Market
Q10: The optimal mix of output is:
A) the
Q11: Which of the following is not an
Q12: Market failure means that the economy is
Q13: The most desirable combination of output attainable
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