Asked by
Michael Sanders
on Dec 17, 2024
Verified
Pay-per-view broadcasts are
A) private goods.
B) club goods.
C) common resources.
D) public goods.
Club Goods
Items that are non-rivalrous but excludable, meaning that one person's use does not reduce availability to others but access can be restricted, typically through a membership fee.
Private Goods
Private goods are products that are excludable and rival in consumption, meaning their use is limited to paying customers and one person's consumption prevents another's.
- Categorize and discern the differences between private goods, public goods, common resources, and club goods.
- Achieve an understanding of the distinct traits and exemplars of the quartet of goods types discussed.
Verified Answer
KI
Learning Objectives
- Categorize and discern the differences between private goods, public goods, common resources, and club goods.
- Achieve an understanding of the distinct traits and exemplars of the quartet of goods types discussed.