Which of the Following Would Be a Good Example of Collective

question 46

Multiple Choice

Which of the following would be a good example of collective goods?

• A)national banks
• B)small businesses
• C)public transportation
• D)grocery stores

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Definitions:

Joint Ventures

Business arrangements where two or more parties agree to pool their resources for the purpose of accomplishing a specific task.

Government Regulations

Rules and statutes set by governments to control the way businesses can operate within their jurisdiction.

Large Investments

Substantial allocations of capital or resources toward projects, assets, or ventures with an expectation of future returns.