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QUESTION 1 Both Netflix and YouTube are online streaming services allowing multiple people to watch the same video at the same time. However, Netflix (unlike

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QUESTION 1 Both Netflix and YouTube are online streaming services allowing multiple people to watch the same video at the same time. However, Netflix (unlike YouTube) requires a user to pay a monthly fee to enable them to enter. 1. Netflix is an example of a collective good. 2. YouTube is non-excludable whilst Netflix is excludable. 3. YouTube is non-rivalrous whilst Netflix is rivalrous. Which of the following statements are true: Only 1 is true. Only 2 is true. Both 1 and 2 are true. Both 2 and 3 are true. All three are true

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