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From course:

Economics A Level (DONEEEEEEE)

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Question:

What are Free Goods? Use Air as an Example

Author: eric_galvao



Answer:

-Free Goods are those that are not Scarce at all and have no Opportunity Cost from Consuming such. Air can be seen as this as it is not Scarce at all -But Clean Air may be seen as a Economic Good because Pollution makes it more Scarce - especially in Urbanised Areas


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