If a Good Is a Public Good

question 45

Multiple Choice

If a good is a public good,

• A)anyone can be excluded from enjoying its benefits.
• B)no one can be excluded from enjoying its benefits.
• C)consumers must pay a high price to enjoy its benefits.
• D)it is rival and excludable.
• E)economies of scale exist over the entire range of output for which there is a demand.

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Definitions:

Carcinogens

Substances that promote the formation of cancer in living tissue.

Lupus

A chronic autoimmune disease where the body's immune system becomes hyperactive and attacks normal, healthy tissue, leading to inflammation, pain, and damage in various parts of the body.

Multiple Sclerosis

A long-lasting autoimmune disorder that impacts the central nervous system, resulting in a range of physical and cognitive impairments.

Arthritis

A condition characterized by inflammation of the joints, causing pain and stiffness that typically worsens with age.