A Good That Is Rival but Nonexclusive Is Called

question 103

Multiple Choice

A good that is rival but nonexclusive is called

• A)a private good
• B)a public good
• C)a quasi-private good
• D)an external good
• E)an open access good

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Definitions:

Corporate Policies

The rules, guidelines, and procedures established by a company to govern its operations and ensure compliance with legal and ethical standards.

Ethical Culture

The shared values, beliefs, and practices within an organization that influence ethical behavior among its members.

Significant Others

People who have a major impact on one's life, often influencing one's behavior and beliefs.

Work Group

A collection of individuals who collaborate towards achieving a common goal, often characterized by shared responsibilities and interdependence.