To an individual consumer, the total benefit of a public good is the dollar value that he or she places on a given level of provision of the good. If a good that is excludable but is also non-rival in consumption, then it is _____. Question: QUESTION 8 A Good That Is Rival And Excludable Is Defined As A: Private Good. A good is nondepletable if one individual’s enjoyment of the good does not diminish the amount of the good available to others. A good is non-excludable if one cannot exclude individuals from enjoying its benefits when the good is provided. c) The quantity of the good is affected by the price a consumer pays for the good. The classical definition of a public good is one that is non‐excludable and non‐rivalrous. b) It is not possible to prevent an individual from using the good. Public Good. if one person’s use of it diminishes others’ use. Public goods are goods that are neither excludable nor rival in consumption. A good is rival in consumption if the same unit of the good cannot be consumed by more than one person at the same time. public good: A good that is non-rivalrous and non-excludable. A good is excludable if a person can be prevented from using it. ... one of the functions of entrepreneurs, as opposed to academics, is to figure out how to make a public good into an excludable private good." 2 Points QUESTION 9 If Government Regulation Forces Firms In An Industry To Internalize The Externality, Then The: Supply Curve Shifts To The Left. See more. is a commodity for which use of a good by one agent does not preclude its use by other agents. Rival in Consumption Good. A lighthouse is: Non‐excludable because it’s not possible to exclude some ships from enjoying the benefits of a. a private good b. a club good c. a common resource d. a public good A good is excludable if: a) Those who are unwilling or unable to pay for the good do not obtain its benefits. A product that is non-excludable means that it is difficult or even almost impossible to prohibit any person from using the good. The classic example of a public good is a lighthouse. Private Good. A good is excludable if the supplier of that good can prevent people who do not pay from consuming it. Government Good. Common-resource Good. A good is . Club Good. A good is excludable if it is feasible and practical to selectively allow consumers to consume the good. cludes 1. Excludable Good. The aggregate demand for a public good is derived differently from the aggregate demand for private goods. Excludable definition, capable of being excluded. National defense is a good example of a public good; it is not possible to selectively protect paying customers from terrorists and whatnot, and one person consuming national defense (i.e., being protected) doesn't make it more difficult for others to also consume it. public good . rival in consumption. 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a good is “excludable” if

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