A Public Good Is a Good

question 74

Multiple Choice

A public good is a good

• A) that is produced by government.
• B) that is free to the public.
• C) with zero marginal cost.
• D) that is nonrival and nonexcludable.
• E) that is rival and excludable.

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Definitions:

OSHA Workplace Standards

Regulations and guidelines issued by the Occupational Safety and Health Administration to ensure safe and healthful working conditions for working men and women.

Maturity

The stage of the organization when the business is considered well established.

Inventory

A company's stock of goods or materials, which are held for the purpose of resale or in the production process.

Loan

A sum of money that is borrowed, which must be paid back with interest.