Information Has the Features of A(n)

question 34

Multiple Choice

Information has the features of a(n)

• A)exclusive good.
• B)public good.
• C)private property right.
• D)private good.
• E)rivalrous and excludable good.

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Definitions:

Extracted

Refers to the process of removing or obtaining a resource, substance, or element from its source or original environment.

Optimal Quantity

The level of production or consumption that maximizes efficiency or benefits while minimizing costs.

Nonrenewable Resource

A natural resource that cannot be replaced at the same rate it is consumed, such as oil, coal, and natural gas.

Selling Price

The price at which a product or service is sold to customers.