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Q.

Which of the following is an example of a public good?

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a

A private hospital

b

A shopping mall

c

A public park

d

A movie theater

answer is C.

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Detailed Solution

A public good is a good or service that is non-excludable and non-rivalrous in consumption. A public park is an example of a public good as it is open to all and cannot be restricted to individual use. A private hospital, shopping mall, and movie theater are examples of private goods as they are excludable and rivalrous in consumption.

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