Consider a Good for Which the Number of People Who

question 395

Multiple Choice

Consider a good for which the number of people who benefit from the good is large and the exclusion of any one those people is impossible. In this case, the market for this good will likely

• A)be provided by a private firm rather than the government.
• B)have a free-rider problem.
• C)not exist.
• D)be limited to a small number of units of production.

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Definitions:

Lengthens

It refers to the process of extending in length or duration.

Peristalsis

Muscular waves in a series that assist in moving food throughout the digestive tract.

Smooth Muscle

A type of muscle tissue which is not under voluntary control, found in the walls of internal organs and blood vessels.

Skeletal Muscle

Muscle tissue that is attached to bones, primarily responsible for voluntary movements through contraction.