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I. Classify each of the following goods or services as 1. rival in consumption or non-rival in consumption; 2. excludable or non-excludable. A. the atmosphere
I. Classify each of the following goods or services as 1. rival in consumption or non-rival in consumption; 2. excludable or non-excludable. A. the atmosphere B. a haircut at a barber shop C. XM satellite radio D. fish in Lake Michigan E. a State Park in Michigan F. light from a lighthouse G. Which of the goods or services listed above would be an example of a private good or service? H. Which of the goods or services listed above would be an example of a public good or service?
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