Which Example Is Considered a Nonexcludable Good

question 151

Multiple Choice

Which example is considered a nonexcludable good?

• A)health care
• B)national defense
• C)education
• D)ice cream

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Definitions:

Peanuts

A legume crop grown mainly for its edible seeds, which are high in protein, fat, and various healthy nutrients.

Firm's Willingness

Firm's willingness refers to a company's readiness or inclination to engage in certain activities, such as investing, producing, or changing pricing strategies, based on expected outcomes.

Producer Surplus

The difference between the market price for a good or service and the lowest price at which producers would still sell it.

Reports

Documents that present data, findings, and analysis on various subjects, often used in business and research to inform decisions.