Scenario 11-3
Consider the following goods:
• a fish fillet served at a restaurant
• fish in the ocean
• exotic fish in a huge aquarium in a privately-owned building
-Refer to Scenario 11-3. Which of these goods is the best example of a common resource? Briefly explain.
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Q66: Which two types of goods are rival
Q67: Scenario 11-3
Consider the following goods:
• a fish
Q68: Are common resources excludable? Are they rival
Q69: What particular characteristic do private goods and
Q70: What particular characteristic do public goods and
Q72: What particular characteristic do private goods and
Q73: If no one can be prevented from
Q74: Scenario 11-3
Consider the following goods:
• a fish
Q75: Scenario 11-2
Consider the following goods:
• fire-protection services
Q76: Are public goods excludable? Are they rival
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