Which of the Following Goods Is Least Likely to Be

question 123

Multiple Choice

Which of the following goods is least likely to be provided by the private sector?

• A) a good for which the marginal private benefit to an individual exceeds the marginal cost of producing the good
• B) a good characterized by rivalry in consumption from which nonpaying customers can be excluded
• C) a good characterized by nonrivalry in consumption from which nonpaying customers can be excluded
• D) a good characterized by nonrivalry in consumption from which paying customers cannot be excluded

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Definitions:

Using Analogies

The practice of explaining a concept or idea by comparing it to something else that is more familiar or simpler to understand.

Critical Thinking

The intellectual process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and evaluating information to reach an answer or conclusion.

Evaluating Evidence

The process of critically analyzing and assessing the reliability, validity, and relevance of information or data.

Mental States

Conditions of the mind affecting thinking, feeling, perception, or consciousness, including emotional, cognitive, and psychological states.