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

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Definitions:

Apple Products

Consumer electronics and software products developed by Apple Inc., such as iPhones, iPads, and Mac computers.

Press Releases

Official statements issued to the media to announce something of interest in a formal way.

Social Media Strategies

Plans developed by businesses or individuals to use social media platforms effectively for marketing, communication, or branding purposes.

Interactive Website

A website that enables active engagement and interaction from its users, often including forms, chat, and interactive media.