Answered: Determine whether the examples below…

Determine whether the examples below represent non-rival or non-excludable products: A. Both B. Non-Excludable Product C. Non-Rival Product 1. phone app 2. fishing in public lake 3. flood control

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter30: Market Failure: Externalities, Public Goods, And Asymmetric Information

Section30.4: Public Goods: Excludable And Nonexcludable

Problem 3ST

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Question

Determine whether the examples below represent non-rival or non-excludable products:
A. Both
B. Non-Excludable Product
C. Non-Rival Product
1. phone app
? 2. fishing in public lake
3. flood control
RAZER

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