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Seawater, fresh air, etc., are regarded in Economics as
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- Giffen goods
- inferior goods
- free goods
- normal goods
- Giffen goods
Correct Option: C
Free goods are what is needed by the society and is available without limits. The free good is a term used in economics to describe a good that is not scarce. A free good is available in as great a quantity as desired with zero opportunity cost to society.
