Multiple Choice
Josh has an iPhone, and he frequently downloads songs from the iTunes website. He pays a small fee for each download, but downloading a song does not remove it from the iTunes inventory. Other consumers can also pay the fee and download a song that Josh might have already accessed. The iTunes service is best described as(n) :
A) private good.
B) public good.
C) artificially scarce good.
D) common resource.
Correct Answer:

Verified
Correct Answer:
Verified
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