If No One Can Be Excluded from Consuming Its Benefits

question 94

Multiple Choice

If no one can be excluded from consuming its benefits and there is no rivalry in consumption, then the good is a ________ good.

• A) private
• B) Pareto
• C) public
• D) free

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Definitions:

Limited Liability Company

A business structure that offers personal asset protection to its owners while allowing various tax benefits.

Title

The legal right to own, possess, or use a particular piece of property or asset.

Ownership Disputes

Conflicts or disagreements over who holds the legal rights or title to a piece of property, asset, or intellectual property.

Limited Liability Company

A business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.