Club goods are excludable but non-rival. Cable television programming can be consumed by many users at the same time but it is excludable. Only paying subscribers have access to it. Public goods are non-excludable and non-rival. City parks are an example. Access to them is not restricted a...
Name at least five government-provided goods that are excludable public goods. 1. What are public goods? 2. What are externalities? 3. Is a public good a special case of an externality? What is the difference between rival and common resource goods?
What does it mean for a good to be nonexcludable? Nonrival? What is a lender of last resort? What's the difference between a giffen good and inferior good? What is the difference between shutting down and going out of business? What is the difference between total benefit and margi...