Which of the Following Displays These Two Characteristics: Non-Rivalry and Excludability

question 52

Multiple Choice

Which of the following displays these two characteristics: non-rivalry and excludability?

• A)Public goods
• B)Private goods
• C)Quasi-public goods
• D)Common resources

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Definitions:

Skimming

A high pricing strategy, generally used for new products or services that face very little or even no competition.

No Competition

A market condition or business scenario where a company faces little to no competition in its industry or for its products.

McClelland's Three Needs Theory

A motivational theory that suggests individuals are driven by three primary needs: the need for achievement, the need for affiliation, and the need for power.

Management Styles

The various strategies and approaches used by leaders to direct, motivate, and plan the activities of their team members.