Preference

Question: What is always a characteristic of a public goods?

  1. a.
    Consumption of the good by one individual prevents consumption by any other individual
  2. b.
    It confers benefits on consumers that are greater than they themselves realise
  3. c.
    It is supplied by a voluntary organization
  4. d.
    The benefits it confers on consumers can extended to others at zero cost be
  5. e.
    None of these
Answer: d
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