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State Whether Each of the Following Goods and Services Is

Question 258

Essay
State whether each of the following goods and services is nonrival, nonexcludable or both:
a.A toll road
b.A public park
c.A lighthouse
d.An art museum
e.A radio broadcast of "A Prairie Home Companion"

State whether each of the following goods and services is nonrival, nonexcludable or both:
a.A toll road
b.A public park
c.A lighthouse
d.An art museum
e.A radio broadcast of "A Prairie Home Companion"

Correct Answer:

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a.Nonrival, although rivalry could exist...

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