Which one of the following is an example of a collective good?Group of answer choicesa barbecuea fireworks displaya public roada bookstore
Question
Solution 1
The example of a collective good from the given options is a fireworks display.
Here's why:
A collective good, also known as a public good, is a good that is non-excludable and non-rivalrous. This means that no one can be prevented from using it and one person's use does not reduce its availabili Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
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