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Question 9 (1 point) Public goods: 0 a) Exhibit both consumption indivisibilities and nonexcludability O b) Are generally not produced in efficient amounts because of the problem of free riders O c) Include things like clean air, clean water, and biological diversity 0 d) All of the above

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Answer & Explanation
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Option  A is correct

Step-by-step explanation

A public good is a good whereby no individual can be excluded from benefiting from it. In other words, everyone can benefit from its use. This could come in the form of a government public good such as education, or a natural public good such as air.

Public goods have two key characteristics  non-rivalry and non-excludability. Non-rivalry means that more than one person can use the good without diminishing others ability to use it. There is also non-excludability, which refers to the inability to restrict other consumers from using the good.

Public good refers to a commodity or service that is made available to all members of a society. Typically, these services are administered by governments and paid for collectively through taxation. Examples of public goods include law enforcement, national defense, and the rule of law.

Examples of public goods include fresh air, knowledge, lighthouses, national defense, flood control systems, and street lighting. Streetlight