Which of the Following Are Considered Public Goods

question 10

Multiple Choice

Which of the following are considered public goods?

• A) houses
• B) food and clothing
• C) maintenance of highways
• D) personal computers

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Definitions:

Product Development

The process of bringing a new product to market, from ideation through to design, development, and launch.

Brand's Equity

Refers to the value and strength of a brand that has been built over time through consumer recognition, perceptions, and loyalty.

Consumer Loyalty

The likelihood of customers to continue buying from a particular brand or company due to satisfaction, positive experiences, or perceived value.

Perceived Value

The customer's assessment of the worth or utility of a product or service, based on its perceived benefits versus cost.