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:

Camouflage

Camouflage is a strategy used by animals, plants, and other organisms to blend in with their surroundings to hide from predators or to ambush prey.

Chemicals

Substances with distinct molecular compositions that are used in or produced by chemical processes.

Resource Partitioning

A mechanism that allows different species to coexist in the same ecosystem by utilizing different resources, thereby reducing competition.

Brood Parasitism

One egg-laying species benefits by having another raise its offspring.