Identify each of the following goods as a nonexcludable public good, an excludable public good, or a
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Question:
Identify each of the following goods as a nonexcludable public good, an excludable public good, or a private good:
a. A composition notebook used for writing
b. A Shakespearean play performed in a summer theater
c. An apple
d. A telephone in service
e. Sunshine
Give an example, other than a movie in a movie theater or a play in a theater, of a good that is nonrivalrous and excludable.
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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