Public goods are: a) neither nonrival nor nonexcludable in consumption b) nonexcludable but rival in consumption c) rival but nonexcludable in consumption d) both nonrival and nonexcludable in consumption

Public goods are: a) neither nonrival nor nonexcludable in consumption b) nonexcludable but rival in consumption c) rival but nonexcludable in consumption d) both nonrival and nonexcludable in consumption

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Public goods are:
a) neither nonrival nor nonexcludable in consumption
b) nonexcludable but rival in consumption
c) rival but nonexcludable in consumption
d) both nonrival and nonexcludable in consumption

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