Question
If a good is characterized by easy exclusion, but many people or entities may concurrently use it without reducing the amount available for others, the
If a good is characterized by easy exclusion, but many people or entities may concurrently use it without reducing the amount available for others, the good is known as an example of which of the following terms?
a.Public good
b.Toll good
c.Common property resource
d.Private good
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Managerial Economics Foundations of Business Analysis and Strategy
Authors: Christopher Thomas, S. Charles Maurice
11th edition
978-0078021718
