00:01
So for the following question, we have to determine whether each of the following are publicly good, private good, natural monopoly good, or none of the above.
00:09
So for a pair of classes, these are going to be private good because you have to pay for it and others cannot use the exact same product that you have.
00:18
And then there's a wi -fi service, which is going to be a natural monopoly good because you have to pay for it in order to have access to it.
00:26
So therefore, it's excludable.
00:29
And at the same time, others can use the...
00:31
Exact same wi -fi service that you have, so therefore it's non -rival.
00:35
And then you have a swimming pool, which in this case i'm considering a gym swimming pool.
00:41
So it's excludable because you might have to pay for it in order to have access to it.
00:47
And it will be non -rival because others would be able to use the exact same service, the exact same swimming pool that you want...