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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Give two examples for each of the following: (a) an intangible good, (b) a tangible good, (c) a bad.

To determine

Examples for tangible, intangible, and bad goods.

Explanation

Goods that have physical nature are called tangible goods, and it is possible to identify by the sense of touch. Some examples for tangible goods are cell phones, video tape, and so on. Goods that have no any physical nature are called intangible goods, and they cannot be identified by the sense of touch...

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