Determine whether the good is a private good, public good, artificially scarce good, or common resources, then explain why in terms of "excludability" and "rivalness" principles. a. Uncongested roads with toll booths upon entry b. Business-class seat on airplane c. Music played in a public park

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Determine whether the good is a private good, public good, artificially scarce good, or common resources, then explain why in terms of "excludability" and "rivalness" principles.

a. Uncongested roads with toll booths upon entry

b. Business-class seat on airplane

c. Music played in a public park

 

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