Clean air is an example of a good that is: a

Marketing Dec 28, 2020

Clean air is an example of a good that is:

a. neither non-rival nor non-excludable.

b. only non-rival.

c. only non-excludable.

d. both non-rival and non-excludable.

e. private.

Expert Solution

The answer is d. both non-rival and non-excludable.

Clean air is classified as a public good. This type of good has two main features; it is non-rival and non-excludable. The first feature, non-rivalry, means that when some people consume the good, its availability is not depleted (that is, others will also be able to consume the good with no problem). The second feature, non-excludability, refers to the fact that people cannot be excluded from consuming this good.

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