Josh has an iPhone, and he frequently downloads songs from the iTunes website. He pays a small fee for each download, but downloading a song does not remove it from the iTunes inventory. Other consumers can also pay the fee and download a song that Josh might have already accessed. The iTunes service is best described as(n):
A) private good.
B) public good.
C) artificially scarce good.
D) common resource.

Question

Quizplus · Accepted Answer

An artificially scarce good is non-rivalrous but excludable. iTunes songs are non-rivalrous because one person's download does not prevent others from downloading the same song, but they are excludable because a fee is required to access them.

Josh Has an IPhone, and He Frequently Downloads Songs from the ITunes