Which of the Following Good Is Least Likely to Be

question 61

Multiple Choice

Which of the following good is least likely to be provided by the private sector?

• A)A good that is nonrival but excludable
• B)A good that is nonrival and nonexcludable
• C)A good that is rival and excludable
• D)A good for which the marginal private benefit to an individual exceeds the marginal cost of producing the good
• E)A good for which the marginal private benefit to an individual is less than the marginal cost of producing the good

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Definitions:

Smell

The sensory perception of odors or scents, detected by the olfactory system in the nose.

Mechanoreceptors

Mechanoreceptors are sensory receptors that respond to mechanical pressure or distortion, involved in sensations such as touch, pressure, and sound.

Excited By

Stimulated or activated by an external source, leading to an increased level of energy or activity.

Pressure

The force exerted per unit area; in fluids, it is often caused by gravity acting upon the fluid's mass.