Music can be consumed in various ways. Depending on how it is consumed can lead to different classifications of the good.

Consider the following goods:

• Buying tickets to go see Tame Impala and Young Thug at Outside Lands Music Festival (purchase tickets; limited availability)
• Going to Golden Gate park to watch the free Hardly Strictly Blue Grass Music Festival (free concert; limited availability)
• Streaming Taylor Swift's albumEvermoreon Spotify's subscription platform (not the free account).
• Purchasing Kendrick Lamar's recordgood kid, m.A.A.d cityon vinyl.
• Listening to Silk Sonic'sLeave the Door Openon an FM radio.

Part 1 (4 points):Using 4 of the goods listed above, identify which type good is the best example of(a)a private good,(b)a club good,(c)a common resource, and(d)public good.(8 points)For each category, explain your answer by using the characteristics we discussed in this unit to categorize types of goods.

Extra Credit (3 points):For the good that you did not classify in Part 1, classify the good and explain your answer using the characteristics to categorize goods discussed in this unit.