Market failure

Tick the correct answer:

only those consumers who are willing and able to pay for the good can enjoy the benefits of the good.

• Rival

• Non-Excludable

• Excludable

• Non-Rival

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The use of the good by one person decreases the available quantity of the good for other people

• Rival

• Non-Excludable

• Excludable

• Non-rival

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Even the people who have not paid for these goods can enjoy their benefits.

• Excludable

• Rival

• Non-Excludable

• Non-rival

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Their use by one person does not decrease the quantity available for other people.

• Non-excludable

• Rival

• Non-rival

• Non-excludable

Tick all that apply (more than one):

Private goods are

• Excludable

• Non-excludable

• Rival

• Non-rival

Tick all that apply (more than one):

Public goods are

• Rival

• Non-excludable

• Excludable

• Non-rival

Tick all that apply (more than one):

Common resources are

• Non-rival

• Non-excludable

• Rival

• excludable

Tick all that apply (more than one):

Monopolies (club or toll goods) are

• Excludable

• Non-rival

• Non-excludable

• Rival

Choose the correct option. This is

• non-rival, excludable

• rival, excludable

• non-rival, non-excludable

• rival, non-excludable

Choose the correct answer. This is:

• Rival, non-excludable

• non-rival, excludable

• rival, excludable

• non-rival, non-excludable