A Good Example of a Product That Is Both Nonexcludable

question 22

Multiple Choice

A good example of a product that is both nonexcludable and nonrivalrous is

• A)grazing land.
• B)public information.
• C)electricity.
• D)food.
• E)natural gas.

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Definitions:

Sales Promotions

Marketing strategies aimed at temporarily increasing interest, demand, or sales of a product or service through incentives or special offers.

Retailers

are businesses that sell goods or services directly to consumers for their personal, non-business use.

Freight Allowance

A discount or reimbursement provided by a seller to cover or reduce freight costs for the buyer.

Trade Promotion

Marketing efforts directed toward stimulating interest, demand, or purchase of products by end consumers or others in the sales channel, using techniques like discounts, special displays, or sponsorships.