A Public Good Can Be Consumed by

question 154

Multiple Choice

A public good can be consumed by

• A) only one person who does not have to pay for it.
• B) only one person who has to pay for it.
• C) everyone simultaneously, as long as they pay for it.
• D) everyone simultaneously, even if they do not pay for it.

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Definitions:

Subscriber Owns

Refers to the assets or services a subscriber has purchased and currently possesses.

Probability

A measure of the likelihood or chance of an event occurring; a value between 0 and 1.

Probability

The measure of the likelihood that an event will occur, quantified as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

Probability

An evaluation of the chance an event has to take place, using a scale from 0 to 1.