Multiple Choice
Jack, Aaron and Katie have a new television, which has stopped working.For a long time, no one takes the television to be fixed.Why might this have occurred?
A) The television is considered a private good but they can't remember who it belongs to
B) The television is considered a public good and they are each worried the others will free ride if they pay the repair fee
C) The television is considered a common resource and they are worried it will break again from being used too much
D) The television is considered a club good and they are worried about the negative externality from watching too much television
Correct Answer:
Verified
Correct Answer:
Verified
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