A Museum Is NOT a Public Good If

question 179

Multiple Choice

A museum is NOT a public good if

• A) there can be no congestion.
• B) the museum receives donations from members of the public.
• C) an entry fee is charged and people are denied entry if they do not pay.
• D) the general public typically does not go to the museum.

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Definitions:

Deadweight Loss

The loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved, often due to market failure or intervention.

Excise Tax

A charge imposed on the sale or use of particular products or services, including alcohol, tobacco, and fuel.

Tax Burden

The financial charge or other levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Consumers

Individuals or groups that purchase goods or services for personal use and not for manufacturing or resale purposes.