2. Fire protection is nonrival and nonexcludable, so it is a public good. A seat at the...

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2. Fire protection is nonrival and nonexcludable, so it is a public good. A seat at the U.S. Open final match is rival and excludable, so it is a private good. A pay-per-view movie is nonrival and excludable, so it is a natural monopoly good. The Ohio River is rival and nonexcludable, so it is a common resource.

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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