Because Public Goods Are Characterized by Being Collectively Consumed

question 151

Multiple Choice

Because public goods are characterized by being collectively consumed,

• A) the government cannot produce them.
• B) they are illegal.
• C) they are very expensive; thus the private sector cannot provide them.
• D) the private sector may not provide them because they cannot exclude those who do not pay.

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Definitions:

Organisation

A structured arrangement of people and resources designed to achieve specific goals and objectives.

Multifunctional Viewpoints

Perspectives that incorporate insights and considerations from various disciplines and functions to address complex problems or opportunities.

Middle Managers

Oversee the work of large departments or divisions.