Which of the Following Is a Point of Similarity Between

question 87

Multiple Choice

Which of the following is a point of similarity between public goods and the goods that generate an external benefit?

• A)Both are overproduced
• B)A free rider problem arises in case of both the goods
• C)Both result in inefficient allocation of resources
• D)Both can be produced at zero marginal cost

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Definitions:

Perseverance

The sustained effort and determination in spite of difficulties, obstacles, or discouragement, essential for achieving long-term goals.

Environmental Factors

Environmental Factors are external elements such as weather, climate, and natural disasters, as well as socioeconomic aspects, that can affect an organization's operations, strategic decisions, and overall performance.

Start-Up Process Model

A framework outlining the steps and stages involved in launching and establishing a new business or enterprise.

Implementation

The act of executing or applying a plan, policy, or procedure to achieve desired goals or outcomes.