A Public Good Is a Good

question 105

Multiple Choice

A public good is a good:

• A)whose consumption is nonexcludable and nonrival.
• B)for which the marginal cost of adding another consumer is high.
• C)that the market will usually provide efficiently.
• D)whose consumption is rival.

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Definitions:

Amino Acids

Organic compounds that serve as the building blocks of proteins, containing both amine and carboxyl functional groups.

Electrical Discharge

The release and flow of electric charge through a medium, often observed as a spark or lightning in nature.

Methane

A colorless, odorless flammable gas that is the simplest alkane, primarily used as fuel and a significant greenhouse gas.

Stromatolites

Layered structures produced by the growth of microorganisms, often found in fossil form, and are among the oldest evidence of life on Earth.