Among the following examples, the one that best illustrates a public good is A) the bike paths around a city or town. B) the laptops used by students in a college or university. C) the movies produced by Hollywood companies. D) the airline tickets bought by vacationers.\

Question

02-10-2019
Business

contestada

Among the following examples, the one that best illustrates a public good is A) the bike paths around a city or town. B) the laptops used by students in a college or university. C) the movies produced by Hollywood companies. D) the airline tickets bought by vacationers.\

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andabps andabps · Answer 1 · 2019-10-02T05:38:09+02:00

Answer:

a. The bike paths around a city or town best illustrate what a public good is.

Explanation:

A public good is a product or service that is offered to everyone in a community, country, economy, city, etc. without profit.

a. Bike paths around a city or town seem to adjust to this definition since they can be used by anyone and are free to use.

b. The laptops used by students in a college or university are not available to everyone to use, so they're a private good.

c. The movies produced by Hollywood companies are not a public good since you have to pay a for a ticket to be able to watch it at the cinema or you have to pay for a physical or digital copy of it. It's profitable and it's not available for everyone to watch for free.

d. The airline tickets bought by vacationers are a private good since they had to buy them and they imply a profit for the airline.