Which of the Following Is Correct

question 5

Multiple Choice

Which of the following is correct?

• A)Private goods are subject to rivalry and excludability
• B)Private goods are indivisible.
• C)Private goods are subject to the free-rider problem.
• D)Private goods are produced in efficient or optimal amounts despite substantial externalities.

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Definitions:

Collective Agreement

A written contract negotiated between an employer and a union representing the employees, outlining the terms of employment, wages, and workplace policies.

Straight Rebuys

Purchasing transactions where a buyer reorders an existing product or service from the past without seeking new suppliers.

B2B Buying

The process by which one business purchases goods or services from another business for use in its operations or for resale.

Product Units

The quantity of products or goods manufactured, available for sale, or sold, expressed in numerical units.