A Public Good Is One for Which

question 22

Multiple Choice

A public good is one for which:

• A) consumers who don't pay for the good can be excluded from its use.
• B) the marginal cost of adding another consumer is zero.
• C) the good is divisible and measurable.
• D) there are no external costs.

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Definitions:

High-Growth Markets

markets characterized by a significant rate of growth, often offering substantial opportunities for investment and business expansion.

BCG Matrix

A strategic business tool designed by the Boston Consulting Group to aid companies in analyzing their business units or product lines based on market growth and market share.

Stars

Employees or units within an organization that perform exceptionally well and are often seen as key contributors to its success.

Stars

In a business context, this term usually relates to products or business units with high market share in fast-growing markets. In astronomy, stars are celestial bodies that emit light and heat from nuclear reactions.