"Free Riding" Is a Characteristic of Which Type of Good

question 22

Multiple Choice

"Free riding" is a characteristic of which type of good?

• A)a private good
• B)a common resource
• C)a public good
• D)a good that is both rival and excludable

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Definitions:

Contract

An agreement between two or more parties that is enforceable by law.

Patent

A legal right granted to an inventor, giving them exclusive ownership of their invention for a certain period.

Bankruptcy

A legal process that allows individuals or businesses unable to meet their debt obligations to either restructure their debts or liquidate assets under court supervision.

Intellectual Property

Legal rights that protect creations of the mind, such as inventions, literary and artistic works, designs, and symbols.