For each of the following scenarios determine whether the, Ask an Expert

Economics

For each of the following scenarios determine whether the good is exclusive, rival, both, or neither.

A. Whale Hunting (when it is legal) is: (nonexclusive and rival, nonexclusive and nonrival, exclusive and nonrival, exclusive and rival).

B. Driving on a toll bridge during off-peak hours (when there are few cars on the bridge) is: (nonexclusive and rival, nonexclusive and nonrival, exclusive and nonrival, exclusive and rival).

C. Driving on a toll bridge during rush hour (when there are many cars on the bridge) is: (nonexclusive and rival, nonexclusive and nonrival, exclusive and nonrival, exclusive and rival).

D. A street lamp is: (nonexclusive and rival, nonexclusive and nonrival, exclusive and nonrival, exclusive and rival).

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91823981

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