A characteristic of a public good is that a public good is provided

A. to some businesses, but not to others.
B. only in some states.
C. to many individuals at no additional cost.
D. to low income residents in some states.

Answer: C

Economics

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Explain how the short-run and long-run Phillips curves are related

What will be an ideal response?

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If the supply curve slopes upward and a $3 per unit tax on suppliers raises the profit-maximizing price by $3, demand must be perfectly inelastic

a. True b. False

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