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Microeconomics

Course: Microeconomics > Unit 9

Lesson 4: The four types of goods: private goods, public goods, common resources, and natural monopolies
Economics
Microeconomics
Market failure and the role of government
The four types of goods: private goods, public goods, common resources, and natural monopolies
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Public and private goods

AP.MICRO: POL‑3 (EU), POL‑3.C (LO), POL‑3.C.1 (EK), POL‑3.C.2 (EK), POL‑3.C.3 (EK), POL‑3.C.4 (EK)
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Problem

The government of Jacksonia produces and sells cream cheese. Nobody is allowed to consume cream cheese without paying for it, and only one person can consume a given block of cream cheese.
What kind of good is cream cheese?
Choose 1 answer: