Unlike a private good, a public good Group of answer choices has no opportunity costs. is characterized by rivalry and excludability. has benefits available to all, including nonpayers. produces no positive or negative externalities.

has benefits available to all, including nonpayers.

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.

Generally, there are two (2) main types of product (good) and these includes;

I. Private goods.

II. Public goods.

A public good such as power utility (electricity) or water supply is capable of being provided simultaneously to the general public.

Furthermore, a public good is non-excludable and cannot be exhausted due to its use by the general public i.e it's never depleted.

Hence, unlike a private good, a public good has benefits available to all of the population, including nonpayers who might just be window shopping.

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one of the appeals of a sole proprietorship is that business expenses are kept separate from your personal income tax return