Which of the following displays these two characteristics: nonrivalry and excludability?
A)public goods
B)private goods
C)quasi-public goods
D)common resources

Question

Quizplus · Accepted Answer

Quasi-public goods display both nonrivalry and excludability. Nonrivalry means that the consumption of the good by one person does not reduce the amount available for others to consume. Excludability means that it is possible to prevent someone from consuming the good if they do not pay for it. Quasi-public goods, also known as club goods, are goods that are excludable but have low marginal costs for additional users, making them nonrival. Examples include cable TV, private parks, and toll roads. Public goods are nonexcludable and nonrival, while private goods are both excludable and rival. Common resources are rival but nonexcludable.

Which of the Following Displays These Two Characteristics: Nonrivalry and Excludability