Which of the Following Is a Defining Characteristic of a Public

question 79

Multiple Choice

Which of the following is a defining characteristic of a public good?

• A)It is produced and distributed by the government.
• B)The decision to produce it is made by the public through a voting process.
• C)It is produced and distributed by private firms according to government regulations.
• D)It is freely available to everyone once it is produced.
• E)It is purchased by one government agency from another government agency.

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Definitions:

Cartel

An association of independent businesses organized to control production, pricing, and marketing of goods to minimize competition.

U.S. Antitrust Laws

Laws enacted by the U.S. to protect consumers from predatory business practices by ensuring that fair competition exists in an open-market economy.

Federal Trade Commission Act

A U.S. federal law established in 1914 to promote consumer protection and eliminate and prevent anticompetitive business practices.

Anticompetitive Behavior

Actions by businesses aimed at undermining competition, often through unfair practices, to maintain or acquire market dominance.