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Chapter 1: 22 (page 25)

Can you think of any examples of free goods, that is, goods or services that are not scarce?

Short Answer

Expert verified

We can think of sea water is an example of free good.

Step by step solution

01

Step 1: Concept of Free good 

A free good indicates a product with zero opportunity cost. This states that we can produce goods as needed with little or zero effort.

02

Step 2:Example for free goods

Sea water is an example of free goods. There is no opportunity cost for these goods.

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