Identify their characteristics in terms of rivalry and exlcludability and catego

Question

Identify their characteristics in terms of rivalry and exlcludability and categorize each as either a private good public good a club good or a common resource A. Basic research on lifestyle and cholesterol levels B. Congested city streets C. A nearly empty movie theater D. A crowded city owned club that charged a membership fee E. Research on a cholesterol lowering drug for which a patient can be obtained Identify their characteristics in terms of rivalry and exlcludability and categorize each as either a private good public good a club good or a common resource A. Basic research on lifestyle and cholesterol levels B. Congested city streets C. A nearly empty movie theater D. A crowded city owned club that charged a membership fee E. Research on a cholesterol lowering drug for which a patient can be obtained A. Basic research on lifestyle and cholesterol levels B. Congested city streets C. A nearly empty movie theater D. A crowded city owned club that charged a membership fee E. Research on a cholesterol lowering drug for which a patient can be obtained

Explanation / Answer

A

Its rival and not-excludable public good as anyone can consume and payoff will exclude non payers

B

Rival but not excludable, common resources

C

Rival and not excludable, public good

D

Rival and non-excludable

E

Not rival but excludable,

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