What are the two characteristics of a common good? A

Economics Dec 08, 2020

What are the two characteristics of a common good?

A. Non-excludable and non-rivalrous

B. Exludable and non-rivalrous

C. Excludable and rivalrous

D. Non-excludable and rivalrous

Expert Solution

The correct option is D. Non-excludable and rivalrous.

Common good is described as rivalrous because the same good used by one person cannot be used by other person and non-excludable because paying that good cannot prevent others from paying that good as well.

Archived Solution

Unlocked Solution

You have full access to this solution. To save a copy with all formatting and attachments, use the button below.

Already a member? Sign In

Important Note: This solution is from our archive and has been purchased by others. Submitting it as-is may trigger plagiarism detection. Use it for reference only.

For ready-to-submit work, please order a fresh solution below.

Or get 100% fresh solution

Get Custom Quote