Characteristics of Goods

Characteristics of Goods - -Public Not Rival Nor Excludable...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Characteristics of Goods A) Rival – Use of Goods prevents others from use. B) Excludable – If you don’t pay you don’t receive the good. - Private – Rival Excludable ( NFL TICKETS)
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: -Public Not Rival Nor Excludable (Free Concert)-Common Resource Rival / Non-Excludable (Fishing in the Lake) -Common Monopoly Non-Rival/Excludable (Cable TV)...
View Full Document

This note was uploaded on 10/28/2008 for the course ECON 101 taught by Professor Nick during the Spring '08 term at East Carolina University .

Ask a homework question - tutors are online