Which of the Following Is an Example of a Public

question 21

Multiple Choice

Which of the following is an example of a public good?

• A) Amtrak rail transport services
• B) Services of the U.S. Post Office
• C) The provision of medical care
• D) The provision of national defense

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Definitions:

Equilibrium Price

The price at which the quantity of goods supplied is equal to the quantity of goods demanded; also known as market-clearing price.