Which of the Following Is the Only Type of Good

question 19

Multiple Choice

Which of the following is the only type of good for which there is no market failure, and the government need not intervene to prevent it?

• A) pure private good
• B) pure public good
• C) common pool resource
• D) toll goods

---

Definitions:

Honeymoon Phase

A period at the beginning of a new relationship, job, or other significant change, characterized by high levels of enthusiasm, optimism, and often lack of conflict.

Reconciliation Phase

A period during which individuals or parties in conflict come together to resolve their differences and restore harmony.

Traditional Values

Long-established beliefs and moral codes that are passed down through generations within a culture or society.

Acute Battering Incident

A severe episode of physical violence and abuse, typically in the context of domestic violence, characterized by its suddenness and intensity.