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Exploring Economics

8th Edition
Robert L. Sexton
ISBN: 9781544336329

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Chapter
Section
BuyFindarrow_forward

Exploring Economics

8th Edition
Robert L. Sexton
ISBN: 9781544336329
Textbook Problem

For each of the following goods, indicate whether they are nonrival and/or nonexclusive. Indicate whether they are private, public, common, or club goods.

a. Hot dogs

b. Cable TV

c. Broadcast TV

d. Automobiles

e. National defense

f. Pollution control

g. Parking in a parking structure

h. A sunset

i. Admission to a theme park

To determine

(a)

To indicate:

Whether the given goods arenonrival and/or nonexclusiveand also indicate whether it is a private, public, common or clubgoods.

Explanation

Since, hot dog can be eaten by only one person at a time, and it is required to be...

To determine

(b)

To indicate:

Whether the given good is nonrival and/or nonexclusive and also to indicate whether it is a private, public, common or clubgoods.

To determine

(c)

To indicate:

Whether the given goodsis nonrival and/or nonexclusive, also indicate whether it is a private, public, common or clubgoods.

To determine

(d)

To indicate:

Whether the given goodsis nonrival and/or nonexclusive, also indicate whether it is a private, public, common or clubgoods.

To determine

(e)

To indicate:

Whether the given goodsis nonrival and/or nonexclusive, also indicate whether it is a private, public, common or clubgoods.

To determine

(f)

To indicate:

Whether the given goodsis nonrival and/or nonexclusive, also indicate whether it is a private, public, common or clubgoods.

To determine

(g)

To indicate:

Whether the given goodsis nonrival and/or nonexclusive, also indicate whether it is a private, public, common or clubgoods.

To determine

(h)

To indicate:

Whether the given goodsis nonrival and/or nonexclusive, also indicate whether it is a private, public, common or clubgoods.

To determine

(i)

To indicate:

Whether the given goodsis nonrival and/or nonexclusive, also indicate whether it is a private, public, common or clubgoods.

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