Cable TV is nonrival and excludable. Contact lenses are rival and excludable. Public goods are nonrival and nonexcludable. Nonrival private goods are excludable.

Question

Quizplus · Accepted Answer

This statement accurately describes the characteristics of each type of good. Nonrival private goods, such as clothing or electronics, can be excluded from individuals who do not pay for them but are still rival in the sense that their use by one individual limits the use by another.

Cable TV Is Nonrival and Excludable