A True Public Good Is Characterized by

question 128

Multiple Choice

A true public good is characterized by

• A)depletability but not excludability.
• B)excludability but not depletability.
• C)both depletability and excludability.
• D)neither depletability nor excludability.

---

Definitions:

Incremental Value

The additional value generated by undertaking a new project or decision, calculated as the difference between the value with and without the project.

Outstanding Stock

Outstanding stock is the total number of shares of a corporation that have been issued and are held by shareholders, including restricted shares owned by the company's officers and insiders.

Cash Deal

A transaction where payment is made in full using cash or cash equivalents rather than financing or trading.