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    Microeconomics Study Set 3
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    Exam 18: Externalities, Open-Access, and Public Goods
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    A Commodity or Service Whose Consumption by One Person Does
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A Commodity or Service Whose Consumption by One Person Does

Question 50

Question 50

Multiple Choice

A commodity or service whose consumption by one person does not preclude others from also consuming it is called a


A) private good.
B) public good.
C) Giffen good.
D) Coase good.

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