Michigan Radio is the state's most listened-to public radio service, attracting approximately 400,000 listeners each week and is funded through listener donations. Listeners can access Sirius satellite radio through a subscription to the service. Michigan Radio is a ________ and Sirius satellite radio is a ________.
A) common resource; natural monopoly
B) public good; natural monopoly
C) natural monopoly; private good
D) public good; common resource

Question

Quizplus · Accepted Answer

Michigan Radio is a public good because it is non-excludable and non-rivalrous, funded by donations. Sirius satellite radio is a natural monopoly due to high infrastructure costs and subscription-based access.

Michigan Radio Is the State's Most Listened-To Public Radio Service