Rank
the following goods in terms of the degree to which they are nonrival and
nonexcludable. In terms of rivalry,
answer the question “does the consumption of a shared good by one person
decrease the consumption of others?” For
excludability answer the question “how difficult would it be for us to exclude
those who are not willing to pay for the good?”
A. not rival at all
B. somewhat rival
C. completely rival
D. not excludable at all
E. somewhat excludable
F. completely excludable
1. Public
Graffiti Art
2. Art
Exhibit in a Museum
3. Sunshine
4. Transport
across a bridge
5. Amusement
Park (such as Disney, Six Flags)
6. A
lighthouse