Multiple Choice
Michigan Radio is the state's most listened-to public radio service, attracting approximately 400,000 listeners each week and is funded through listener donations. Listeners can access Sirius satellite radio through a subscription to the service. Michigan Radio is a ________ and Sirius satellite radio is a ________.
A) common resource; natural monopoly
B) public good; natural monopoly
C) natural monopoly; private good
D) public good; common resource
Correct Answer:

Verified
Correct Answer:
Verified
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