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- Which of the following goods or services are nonexcludable? police protection streaming music from satellite transmission programs roads primary education cell phone servicePublic goods are:a) neither nonrival nor nonexcludable in consumption b) nonexcludable but rival in consumptionc) rival but nonexcludable in consumptiond) both nonrival and nonexcludable in consumptionA common resource is both excludable, non-rival excludable, rival Onon-excludable, non-rival non-excludable, rival and
- Explain the non rivalrous and the non excludable goods in public goods in related to the economicsClassify each example according to whether it is rivalrous or nonrivalrous, and excludable or nonexcludable: * street lighting in a public park * playing World of Wrcraft, a massive multiplayer online computer game * a Chipotle burrito * wild tuna in the Pacific Ocean for which no fishing permit is required:Route 66 is a toll road that is congested only duringrush hour. During other times of day, the use of thehighway is not _________, so the efficient toll is_________.a. excludable; higherb. excludable; zeroc. rival in consumption; higherd. rival in consumption; zero
- Question TWO Two categories of public goods are non-rival consumption goods and non-excludable goods. Discuss the similarities and differences between these two types of goods. If a good is non-rival in consumption, does that mean that it is also non-excludable? If a good is non-excludable, does that mean it is non-rival in consumption? Why might the market produce non-rival goods inefficiently? Why might the market produce non-excludable goods inefficiently?Which of the following goods is non-rival and non-excludable? a congested toll road a congested nontoll road an uncongested toll road an uncongested nontoll roadThe correct statements are: a. The free-rider problem arises from pure public goods beingnon-rival b. A good that is available to all at no additional cost is said tobe non-rival c. A pure public good must be non-excludable, but not all non-excludablegoods are pure public goods d. A public good must be produced by the State
- A non-rivalrous, non-excludable public good sells for p = 40 dollars per unit. Roommates A and B have marginal benefits for this public good given by mbA = 50 – q and mbB = 50 – q. How many units of this public good should the roommates purchase if they act cooperatively? Round final answers to 2 decimal places.Public goods are BEST defined as those which possessed the characteristics of: irresistibility, indivisibility, and non-excludability non-rivalry, excludability and having no opportunity costs irresistibility, divisibility, and possessing positive externalities indivisibility, non-excludability, and non-rivalryWhich of the below stages is not a characteristic of public goods? A. Non-rejectable B. Non-excludable by the provider C. Non-rivalrous in consumption D. Non-regulation