Josh has an iPhone,and he frequently downloads songs from iTunes.He pays a small price for each download,but downloading a song does not remove it from the iTunes inventory,which is available for other buyers.The iTunes service is BEST described as a(n):
A)private good.
B)public good.
C)artificially scarce good.
D)common resource.

Question

Quizplus · Accepted Answer

The fact that downloading a song does not remove it from the iTunes inventory means that the good is not rivalrous, but it is artificially scarce as it is made available for purchase only through the iTunes platform. Therefore, the best description for the iTunes service is an artificially scarce good.

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