Which Term Describes a Good That May Be Enjoyed by Anyone

question 119

Multiple Choice

Which term describes a good that may be enjoyed by anyone once it is provided and may not be denied to anyone once it is provided?

• A)collective action good
• B)public good
• C)externality
• D)solid good
• E)public liability

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Definitions:

Independently Owned

Independently owned describes a business or enterprise that is owned by an individual or a private group, not part of a larger corporation or conglomerate.

Succession Plan

A strategy for identifying and developing future leaders within an organization, to ensure continuity in key positions.

Chain Restaurants

Restaurants that are part of a series or network, offering a similar dining experience across multiple locations.

Online Ordering

The process of purchasing goods or services via the Internet, often through vendor websites or applications.