Jade Owns a Car That He Rarely Uses

question 27

Multiple Choice

Jade owns a car that he rarely uses. He prefers using public transportation for his daily commuting needs. Jade decides to use the service provided by BestRentals, a car-sharing service, to rent his car to people looking to hire a car. BestRentals helps Jade connect with prospective renters. This scenario best exemplifies the system of _____.

• A) business triage
• B) a distributed partnership
• C) security freezing
• D) a shared economy

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Definitions:

Natural Monopolies

Companies or industries that exhibit decreasing average costs over a large range of output, making it inefficient for new entrants to compete.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be enjoyed by anyone and use by one person does not reduce availability to others.

National Defense

Governmental actions and strategies aimed at protecting a country from external threats and ensuring national security.

Agricultural Products

Goods derived from farming and agriculture, including crops, livestock, and other raw materials.