A copy of the movie Pulp Fiction at the video store is a __________ good;when it is shown on a cable TV station,it is a __________ good;and when it is shown on broadcast TV,it is a __________ good.

Question

Quizplus · Accepted Answer

Pulp Fiction when purchased as a DVD at the video store is a private good since it is rivalrous in consumption and excludable. When it is shown on cable TV, it becomes a collective good as it is still excludable but non-rivalrous in consumption since multiple people can watch it at the same time. When it is shown on broadcast TV, it becomes a public good since it is both non-excludable and non-rivalrous in its consumption. Therefore, the movie Pulp Fiction is a private good when it is purchased at the video store, a collective good when it is shown on cable TV and a public good when it is shown on broadcast TV. Option D is the correct choice.

A Copy of the Movie Pulp Fiction at the Video