Indicate whether each of the following goods is excludable and/or rival in consumption • A car...

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Indicate whether each of the following goods is excludable and/or rival in consumption • A car is • and is therefore a • Unpo

business economics

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Answer 1

Answer #1

Excludable is the good through which prevent people from consuming it if they have not paid for it.

Rival is the good if consumption by one individual reduces the consumption of other consumers.

Private goods are excludable as well as rival while public goods are non-excludable as well as non-rival.

a) A car is excludable good and a rival good.

b) Unpolluted air is non excludable good and is therefore non-rival.

c) TV satellite is excludable good and is therefore rival.

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Answer 2

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