Your Instructor Decides to Give the Class One Very Hard

Multiple Choice

Your instructor decides to give the class one very hard exam question. The entire class may work together to answer the question because the instructor just wants the correct answer; she does not care how the class arrives at the answer or who contributes to answering the question. The final answer that is submitted will be graded, and all students will receive the same grade. In one sense, the exam grade is a __________ because all students will benefit and no one can be denied a grade, regardless of their individual contributions to answering the question.

A) public good
B) private good
C) retail good
D) wholesale good