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Determine if each of the following is a public good, private good, common resource, or club good
Determine if each of the following is a public good, private good, common resource, or club good.
1. a parking spot (during the semester) on campus
2. a seat at Beaver Stadium for a football game
3. the service Netflix
Expert Solution
1. a parking spot (during the semester) on campus
A parking lot on campus is a common resource and individuals can be excluded from its usage if parking charges are levied.
2. a seat at Beaver Stadium for a football game
It is a case of a private good. These seats are reserved during the games and gives the exclusive right to the person who purchases the pass for it.
3. the service Netflix
It is a club good. People can be excluded from watching it if they are not paying the subscription but it is non-rivalrous in nature in the sense that any number of subscribers can watch it.
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