A Major Difference Between a Private Good and a Public

question 134

Multiple Choice

A major difference between a private good and a public good is that private goods:

• A) are excludable, public goods are not.
• B) can be produced in efficient quantities while public goods generally are not.
• C) are rival in consumption, public goods are not.
• D) All of the answers are correct.

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Definitions:

Leadership

The act of guiding, directing, or influencing others towards the achievement of goals.

Strategic Leadership

A management style focused on developing and executing long-term objectives to achieve complex organizational goals.

Organizations

Entities composed of individuals working together towards common goals or objectives.

Shared Leadership

A leadership model where control and decision-making responsibilities are distributed among members of a team or organization.