A physical DVD disc is a(n) _____ good, while a streaming video
that can be used by multiple paying users is _____.
a) excludable; nonexcludable
b) nonrival; rival
c) nonexcludable; excludable
d) rival; nonrival
A physical DVD is a "Rival" good, while a streaming video that can be used by multiple paying user is non rival. The answer is "D".
Rival goods are those where an individual will have less access if one person is using it, if we took the DVD it will not be available for the other users in the market, non rival are those goods whose value doesn't decline even if many people are using it like a movie or radio transmit. here, it displaying DVD which many people can watch.
A physical DVD disc is a(n) _____ good, while a streaming video that can be used...
7) Free riding can occur if a good is A) nonexcludable and nonrival. B) excludable and rival. C) a private good. D) nonexcludable and rival E) excludable and nonrival.
Question 4 (1 point) Which statement describes a public good? a) It is rival in consumption and nonexcludable. b) It is nonrival in consumption and nonexcludable. c) It is nonrival in consumption and excludable. d) It is rival in consumption and excludable.
50. National defense and cbooks are similar in that both are while ebooks are not. but they differ in that national defense is A) nonexcludable; nonrival in consumption B) excludable; rival in consumption C) rival in consumption; excludable D) nonrival in consumption; nonexcludable 21. Suppose the government imposes a S9 per unit tax on the production of Good Z. If the demand curve for Good Z is perfectly inelastic and the supply curve is upward-sloping, the price that consumers pay...
Mosquito control is an example of a good that a. people get to enjoy without paying for it: b. a nonrival good if used by one person cannot be used by another: c. a nonrival good people get to enjoy without paying for it: c. a nonexcludable good people must pay for to enjoy it: an excludable good
1)Which of the following will result in the most deadweight loss? A.a natural monopoly regulated with average cost pricing B.a natural monopoly regulated with average variable cost pricing C.an unregulated natural monopoly D.a natural monopoly regulated with marginal cost pricing 2)A good or service or a resource is nonexcludable if A.it is not possible to prevent someone from benefiting from it. B.it is possible to prevent someone from enjoying its benefits. C.its use by one person decreases the quantity available...
1. If you can prevent someone from consuming a good, that good is called A. nonrival. B. rival. C. excludable. D. a public good. E. nonexcludable. 2. To hunters, deer in the woods are an example of a A. private good. B. natural monopoly. C. public good. D. common resource. E. public resource. 3. _________ are public goods. If bureaucrats want to ensure the efficient quantity is produced, _______. A. Factories; marginal social cost must be greater than marginal cost....
QUESTION 10 Mosquito control is an example of a good that people get to enjoy without paying for it: a nonrival good if used by one person cannot be used by another: a nonrival good O people get to enjoy without paying for it: a nonexcludable good Opeople must pay for to enjoy it: an excludable good QUESTION 11 Public roads get congested, suggesting that public roads are public goods rival O private goods O excludable QUESTION 12 To provide...
The graph below shows the market for video streaming services – an artificially scarce good. What price would maximize total surplus in this market? A. $0 B. $25 C. $50 D. $200 Price 200 Demand (WTP) А. 50 B C 0 Quantity
For most products and services, managers know that raising prices will reduce demand, while lowering prices will increase demand. What managers don’t always know is how much demand will change in response to a change in price. In economics, the sensitivity of demand to changing prices is called the price elasticity of demand (PED). It is computed by dividing the percentage change in demand by the percentage change in price. Although PED will be negative in most cases, indicating an...
For most products and services, managers know that raising prices will reduce demand, while lowering prices will increase demand. What managers don’t always know is how much demand will change in response to a change in price. In economics, the sensitivity of demand to changing prices is called the price elasticity of demand (PED). It is computed by dividing the percentage change in demand by the percentage change in price. Although PED will be negative in most cases, indicating an...