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Questions and Answers
Which type of good is a crowded non-toll road?
Which type of good is a crowded non-toll road?
- Public good
- Natural monopoly
- Private good
- Common resource (correct)
What kind of good is an uncrowded toll road?
What kind of good is an uncrowded toll road?
- Private good (correct)
- Public good
- Common resource
- Natural monopoly
In the context of goods classification, what would national defense be considered as?
In the context of goods classification, what would national defense be considered as?
- Common resource
- Natural monopoly
- Private good
- Public good (correct)
Which type of good is an MP3 file of Coldplay’s latest hit song?
Which type of good is an MP3 file of Coldplay’s latest hit song?
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What kind of good is a fish in the ocean?
What kind of good is a fish in the ocean?
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