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? Private good Common property resource

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? Private good Common property resource

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter1: Quality Auditing: Why It Matters

Section: Chapter Questions

Problem 14CYBK

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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 good is known as an example of which of the following terms?
Private good

Common property resource

Toll good

Public good

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