Consider a Good for Which the Number of People Who

question 395

Multiple Choice

Consider a good for which the number of people who benefit from the good is large and the exclusion of any one those people is impossible. In this case, the market for this good will likely

• A)be provided by a private firm rather than the government.
• B)have a free-rider problem.
• C)not exist.
• D)be limited to a small number of units of production.

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Definitions:

Indigenous Populations

The original inhabitants of a region, along with their descendants, who maintain traditions or aspects of an early culture that is associated with a given area.

Australian Association

A general term that could refer to any organization or group based in Australia, focused on a specific purpose or interest.

Social Psychology

The examination of individual thoughts, emotions, and actions within societal environments through a scientific lens.

Boards and Journals

Refers to editorial or governing bodies overseeing the publication of academic or professional journals, ensuring rigor and quality in disseminated research.