Principles Of Marketing
17th Edition
ISBN: 9780134492513
Author: Kotler, Philip, Armstrong, Gary (gary M.)
Publisher: Pearson Higher Education,
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Question
A fireworks competition is happening in Sydney this November. An entrance fee of $8.00 is required for spectators who want to have a great view of the competition. However, residences near the competition can also watch the firework displays even without paying for the $8.00 entrance fee.
1. Fireworks display is considered a common good.
2. Fireworks display is non-excludable and non-rivalrous.
3. Fireworks display is non-rivalrous but excludable.
Which of the above statements are true?
Only 1 is true. | ||
Only 2 is true. | ||
Only 3 is true. | ||
Both 1 and 2 are true. | ||
Both 1 and 3 are true. |
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