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A good is a private good if the good is excludable and rival. the good is nonrival. it is both nonexcludable and nonrival. people who
A good is a private good if the good is excludable and rival. the good is nonrival. it is both nonexcludable and nonrival. people who do not pay for the good can enjoy it without paying for it. it is not a common resource. 1 points QUESTION 3 A good that is both rival and excludable is a good that is impossible to produce. a public good. a private good. a common resource. nonexistent because no good can be both rival and excludable. 1 points QUESTION 4 To hunters, deer in the woods are an example of a private good. common resource. natural monopoly. public good. public resource. 1 points QUESTION 5 A basketball game aired as a pay-per-view show by your local cable network and to which you can invite your friends to watch is a ________ good. rival nonexcludable rival and nonexcludable quasi public/quasi private nonrival 1 points QUESTION 6 A professional football game played in a completely full stadium is NOT a public good because it is nonexcludable and nonrival. excludable and nonrival. excludable and rival. nonexcludable and rival. not supplied by the government. 1 points QUESTION 7 A good is nonexcludable if when you consume a
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