Suppose Bryan Adams wants to perform a concert in the City Park in Corner Brook Newfoundland. The city officials argue that the only way the concert can be given permission to be performed in the City Park is if it is free of charge. If Bryan Adams agrees to performing free of charge, then the concert is
A)excludable.
B)a private good.
C)nonexcludable.
D)rival.
E)rival and nonexcludable.

Question

Quizplus · Accepted Answer

A nonexcludable good means that it is difficult or impossible to prevent someone from enjoying the good once it is provided, even if they do not contribute to its production. Since the concert is free of charge, anyone can attend without having to pay, making it difficult to exclude anyone. Therefore, the concert is a nonexcludable good. It is not rival, as one person attending does not prevent others from attending, and it is not a private good as it is not being sold for profit.

Suppose Bryan Adams Wants to Perform a Concert in the City