A Lighthouse Is Typically Considered to Be a Public Good

question 90

Multiple Choice

A lighthouse is typically considered to be a public good because

• A)the owner of the lighthouse is able to exclude beneficiaries from enjoying the lighthouse.
• B)there is rarely another lighthouse nearby to provide competition.
• C)a nearby port authority cannot avoid paying fees to the lighthouse owner.
• D)all passing ships are able to enjoy the benefits of the lighthouse without paying.

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Definitions:

Organizations

Structured groups of people who work together to achieve shared goals or fulfill a specific purpose.

Supervisors

Individuals who have the authority and responsibility to oversee and direct the work of others in a workplace setting.

Adjusting

The process of adapting or changing one’s behavior, thoughts, or attitudes to better suit new conditions or environments.

Cope

The process of effectively dealing with something difficult or distressing, often involving adapting to circumstances or making adjustments.