A Public Good Is a Good

question 142

Multiple Choice

A public good is a good:

• A) for which exclusion is prohibitively costly.
• B) for which the marginal cost of adding another consumer is high.
• C) that the market will usually provide efficiently.
• D) for which exclusion is possible.

---

Definitions:

Privatization

The process of transferring ownership of a business, enterprise, agency, public service, or public property from the government to private individuals or organizations.

Youth Detention Center

A facility where juveniles are held temporarily in custody while awaiting court judgment or placement in long-term care facilities.

Federal Government

The national government of a federated state, which typically has specific powers delegated to it by a constitution, distinct from regional or local governments.

Privatization

The act of shifting control and ownership of a company, institution, agency, or governmental service to private entities or individuals.