When a Good Is Excludable but Not Rival, It Is

question 134

Multiple Choice

When a good is excludable but not rival, it is an example of a:

• A) natural monopoly
• B) private good
• C) public good
• D) common resource

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Definitions:

Human Health

The overall condition of an individual's body or mind, especially in terms of the presence or absence of illnesses and impairments.

Sanitation Systems

Infrastructure and practices aimed at the safe and efficient collection, treatment, and disposal or reuse of human excreta and wastewater.

Skin Cancer

A type of cancer that develops in the cells of the skin, often due to overexposure to ultraviolet radiation from the sun or other sources.

Carbon Dioxide

A transparent, fragrance-free gas produced by the combustion of carbon compounds and through respiratory processes. It is a component that naturally permeates the air, and is instrumental for the photosynthesis conducted by plants.