Public Goods Are Distinguished by Two Primary Characteristics

question 37

Multiple Choice

Public goods are distinguished by two primary characteristics.What are they?

• A)Non-rivalry and non-excludability
• B)Government intervention and low prices
• C)Market failure and high prices
• D)Rivalry and exclusivity

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Definitions:

Supernormal Growth Model

A model that predicts a period of exceptionally high growth rates for a company before settling down to a stable growth rate.

Preferred Stock

A type of stock that provides a specific dividend that is paid before any dividends are paid to common stockholders, often with no voting rights.

Zero Growth

refers to a situation where a company or economy is not experiencing any increase in its output, sales, or other financial indicators over a period.