What Characteristics Do Public Goods and Common Resources Have in Common

question 159

Multiple Choice

What characteristics do public goods and common resources have in common?

• A)both types of good are non-rival
• B)both types of good are excludable
• C)both types of good are rival
• D)both types of good are non-excludable

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Definitions:

Fair Value

An estimate of the market value of an asset or liability, based on current prices in active markets for identical or similar items.