An Example of a Public Good Is

question 92

Multiple Choice

An example of a public good is

• A) beef.
• B) air travel.
• C) insurance.
• D) municipal transit service.
• E) national defence.

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Definitions:

Auto Parts Industry

Refers to the sector of the economy focused on the manufacturing, distribution, and retailing of vehicle parts and accessories.

Significantly Lesser Price

A sale or transaction price that is considerably lower than the usual or market value.

Franchisor

The owner of the trade name or trademark in a franchise.

Franchisee

An individual or company that is granted the right by a franchisor to conduct business under an established brand's trademark and business model.