Classify each of the following goods according to whether they are excludable and whether they are rival

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Classify each of the following goods according to whether they are excludable and whether they are rival in consumption.

What kind of good is each?

a. Use of a public space such as a park

b. A cheese burrito

c. Information from a website that is password-protected

d. Publicly announced information on the path of an incoming hurricane

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Essentials Of Economics

ISBN: 9781319221317

5th Edition

Authors: Paul Krugman, Robin Wells

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Question Posted: Mar 09, 2024 08:00 AM

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Classify each of the following goods according to whether they are excludable and whether they are rival

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a Use of a public park is nonexcludable but it may or may not be rival in consumption dep...View the full answer

Essentials Of Economics

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