Question

Classify each example according to whether it represents a rivalrous, nonrivalrous, excludable or nonexcludable good.
a. street lighting in a public park:
b. playing World of Warcraft, a massive multiplayer online computer game:
c. Chipotle burrito:
d. wild tuna in the Pacific Ocean (assume no permit is required):

Answer 1

Answer: This can be explained as follows :-

Explanation: If the individuals can be prevented from consuming a good, for which they have not paid anything then such goods are called excludable and if they cannot be prevented then nonexcludable.

Similarly, If the consumption of good by one prevents another's consumption then it is called  rivalrous and if not then nonrivalrous.

So from the above we can conclude that ,

A. nonrivalrous and nonexcludable

B. nonrivalrous and excludable

C. rivalrous and excludable

D.  rivalrous and  nonexcludable

Answer 2

The Rivalrous goods refers to goods that people may compete for their consumption.

The Non-rivalrous goods refers to goods that do not dwindle in supply as more people consume them.

The Excludabable goods also refers to the private goods such as cars.

The Non-excludabable goods refers to goods is available to all citizens.

The classification is as follows

1. Street lighting in a public park is classified as Non-excludabable goods.
2. Playing World of Warcraft is classified as Non-rivalrous goods.
3. Chipotle burrito is classified as Rivalrous goods.
4. Wild tuna in the Pacific Ocean is classified as Excludabable goods.

Learn more about these Goods here

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