For each of the listed goods, indicate whether they are rivalrous or non-rivalrous, and whether the use

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For each of the listed goods, indicate whether they are rivalrous or non-rivalrous, and whether the use of them is excludable or non-excludable.

a. Which of the goods in the table are public goods? Explain.
b. Which are common-property resources? Explain.

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Microeconomics

ISBN: 978-0321866349

14th canadian Edition

Authors: Christopher T.S. Ragan, Richard G Lipsey

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Question Posted: Dec 22, 2015 02:52 AM

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For each of the listed goods, indicate whether they are rivalrous or non-rivalrous, and whether the use

Question:

Rivalrous? Excludable? Laptop computer Clothing Library Lighthouse Medical services Published product safety information Pacific salmon

Step by Step Answer:

A good is rivalrous if one persons consumption of the good diminishes the amount available for other people A good is excludable if there is some way ...View the full answer

Microeconomics

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