What Is Meant by a Pure Public Good

question 18

Multiple Choice

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.

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Definitions:

RLQ

Refers to Right Lower Quadrant, a term used in medicine to describe a section of the abdomen.

LAT

An abbreviation commonly used in medical imaging, especially radiography, referring to a lateral view or projection.

SG

Stands for specific gravity, a term in chemistry and medicine that compares the density of a substance to the density of water.

UV

Ultraviolet, a type of electromagnetic radiation with a wavelength shorter than that of visible light but longer than X-rays, used for sterilization, detecting substances, and in sun tanning.