Asked by
Brianna Prieto
on Oct 24, 2024
Verified
Access to the movie "Casablanca," showing in a half-empty theater, is
A) a rival good because other movies are available in other theaters.
B) a rival good because it is used up as it is seen. It is not enjoyed as a whole all at once.
C) a rival good because individuals were willing and able to pay a positive amount to get in to the theater.
D) a non-rival good because no other movie is available in that theater.
E) a non-rival good because when a new viewer enters the theater, there is not less of the movie for everybody else.
Rival Good
A rival good is a type of product or resource that cannot be consumed by multiple individuals at the same time without diminishing its availability to others.
- Differentiate between public goods and common property resources by outlining their distinct features and the difficulties encountered in their provision.
- Discern between rivalrous and non-rivalrous goods, along with exclusive and non-exclusive goods, by identifying instances of each type.
Verified Answer
CH
Learning Objectives
- Differentiate between public goods and common property resources by outlining their distinct features and the difficulties encountered in their provision.
- Discern between rivalrous and non-rivalrous goods, along with exclusive and non-exclusive goods, by identifying instances of each type.