Fill in the blank: In order for the market to effectively and efficiently produce a good or service, entrepreneurs must be able to make a ______________________________.
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1
Question 3
3.
One characteristic of a public good is that many people can enjoy/consume the good simultaneously. This is called
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Question 4
4.
Which of the following meets the characteristics of a pure public good?
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Question 5
5.
The government should produce the good or service as a public good if