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Question: Broadcast television and broadcast radio send out signals that can be received by an infinite number of receivers without reducing the quality of the reception of other consumers of the signal and it is not possible to charge any of the consumers of the signal.

What type of good (Private public, common resource, produced by a natural monopoly) is a broadcast television or broadcast radio signal? Explain.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M93105213

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