Identify the Correct Statement

question 35

Multiple Choice

Identify the correct statement.

• A)The marginal cost of producing a public good is zero.
• B)Any good that is provided by the government can be considered as a public good.
• C)A public good is often under consumed as supply usually exceeds demand.
• D)The consumers of a public good tend to underestimate the value of the good.

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Definitions:

Personal Property

Movable assets owned by an individual, as opposed to real property like land or buildings.

Debtor

An individual or entity that owes money or is legally obligated to make payments to another party.

UCC

Stands for the Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.

Default

Failure to make payments on a loan.