Classify each example according to whether it represents a rivalrous, nonrivalrous, excludable or nonexcludable good.

a. street lighting in a public park:

b. playing World of Warcraft, a massive multiplayer online computer game:

c. Chipotle burrito:

d. wild tuna in the Pacific Ocean (assume no permit is required) :

Question

Mateo Mejia

Business

6 July, 02:42

Classify each example according to whether it represents a rivalrous, nonrivalrous, excludable or nonexcludable good.

a. street lighting in a public park:

b. playing World of Warcraft, a massive multiplayer online computer game:

c. Chipotle burrito:

d. wild tuna in the Pacific Ocean (assume no permit is required) :

+2

Answers (1)

Know the Answer?

Jayson Zhang · Answer 1

Answer: This can be explained as follows : -

Explanation: If the individuals can be prevented from consuming a good, for which they have not paid anything then such goods are called excludable and if they cannot be prevented then nonexcludable.

Similarly, If the consumption of good by one prevents another's consumption then it is called rivalrous and if not then nonrivalrous.

So from the above we can conclude that,

A. nonrivalrous and nonexcludable

B. nonrivalrous and excludable

C. rivalrous and excludable

D. rivalrous and nonexcludable