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Characteristics of Goods

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

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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)
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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)...
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