Question: Classify each of the following goods using these terms: nonrival, nonexcludable, private good, public good, and common resource. a. Hamburger b. Lighthouse c. Flood control
Classify each of the following goods using these terms: nonrival, nonexcludable, private good, public good, and common resource.
a. Hamburger
b. Lighthouse
c. Flood control
d. Swimming pool
e. Park
f. Broadcast television
g. Cellular telephone service
h. Computer software
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