alleryStart learning →Radio stations, tornado sirens, lighthouses and street lights are all examples of:
AInferior goods
BLuxury goods
CPublic goods
DPrivate goods
Answer & Solution
Correct answer: C. Public goods
1. The same two properties recur across a wide range of things.
2. Radio stations, tornado sirens, light houses, and street lights are all public goods.
3. They qualify in that all are nonrivalrous and nonexclusionary.
4. One person tuning in does not use up the signal for anyone else.
_Source: OpenStax Principles of Microeconomics for AP(R) Courses 2e (CC BY 4.0), Ch 13 'Positive Externalities and Public Goods', sections 13.1-13.4_
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