A Golf Course or a Swimming Pool in a Resort

question 174

Multiple Choice

A golf course or a swimming pool in a resort that is not crowded is an example of a(n) _____

• A)private good.
• B)natural monopoly.
• C)open-access good.
• D)public good.
• E)quasi-private good.

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Definitions:

Median Value

The middle number in a sorted list of numbers, effectively separating the higher half from the lower half.

Central Values

Fundamental beliefs or principles that are widely held or given primary importance in a society.

Entire Class

Refers to all members within a defined category or group, without exception.

Average

A statistical measure representing the central or typical value in a set of data, calculated as the sum divided by the count of numbers.