Multiple Choice
What is meant by a "private good"?
A) It offers benefits that must be shared and for which therefore everyone has an incentive to pay.
B) It can be enjoyed only by some and need not be shared.
C) It is available only to those who are coerced to pay for it.
D) It offers benefits that must be shared and made available to everyone if it is to be enjoyed by anyone.
Correct Answer:
Verified
Correct Answer:
Verified
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