Asked by Daina Simola on Jun 06, 2024
Verified
Refer to Scenario 11-2. Which of these goods is the best example of a public good? Briefly explain.
Public Good
A public good is a commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization.
Fire-Protection Services
Services provided by firefighters and related personnel intended to protect people and property from fires and other emergencies.
- Comprehend the basic attributes that characterize public goods and common resources.
Verified Answer
LD
Lillian De JesusJun 06, 2024
Final Answer :
The beautiful mural is the best example of a public good, because it is neither excludable nor rival in consumption.
Learning Objectives
- Comprehend the basic attributes that characterize public goods and common resources.
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