What Are the Two Characteristics That Differentiate Private Goods from Public

question 130

Multiple Choice

What are the two characteristics that differentiate private goods from public goods?

• A)rivalry and excludability
• B)negative externality and positive externality
• C)marginal cost and marginal benefit
• D)ownership and usage

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Definitions:

Antipsychotic Medications

Drugs used to manage psychosis, including delusions, hallucinations, and disorders like schizophrenia.

Difficult To Treat

Describes medical or psychological conditions that do not readily respond to standard therapies or interventions.

Chronic Illnesses

Long-standing, persistent diseases or conditions that often require ongoing medical attention and can impact an individual's quality of life.

Psychological Disorders

Mental disorders characterized by dysfunctional patterns of thought, behavior, and emotion, which impair the individual's ability to function in daily life.