Which of the Following Is Correct

question 5

Multiple Choice

Which of the following is correct?

• A)Private goods are subject to rivalry and excludability
• B)Private goods are indivisible.
• C)Private goods are subject to the free-rider problem.
• D)Private goods are produced in efficient or optimal amounts despite substantial externalities.

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Definitions:

Canadian Standards Association

A non-profit organization in Canada that develops standards for a wide range of products and services.

Safety Standard Application

The process of implementing or adhering to sets of rules or criteria designed to protect health and well-being in various environments.

Provincial Legislation

Laws and regulations enacted by the legislative bodies of provincial governments.

Collection Agency

A company that specializes in collecting payments from individuals or businesses who are in debt.