A good/service where both exclusivity and rivalry hold is called a _____ O excludable public good O purely public good O purely private good O congestible public good
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Considering the classification of goods in terms of excludability and rivalry, we introduced different types of goods such as pure public goods, pure private goods, congestible goods, and price-exclusive goods. Non-Rival Rival Non-Excludable Excludable Pure public good Price-excludable good Open-access resource Pure private good 10 points: How can we classify broadband internet connection? Discuss if there are externalities associated with this good and what governments can do to provide efficiency and improve social welfare. 5 points: How can we classify railroad service between cities? Discuss if there are externalities associated with this good and what governments can do to provide efficiency and improve social welfare.
Akash M.
Public goods are Neither excludable nor rivalrous Excludable, but not rivalrous Not excludable, but are rival Rival and excludable
Willis J.
A good which is excludable Is none of these Is all of these Can be withheld from person who do not pay for it Would not be a public good Can be provided by private firms
Crystal W.
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