Josh has an iPhone and frequently downloads songs from the iTunes website.He pays a small fee for each download, but downloading a song does not remove it from the iTunes inventory.Other consumers can also pay the fee and download a song that Josh might have already accessed.The iTunes service is best described as:
A)a private good.
B)a public good.
C)an artificially scarce good.
D)a common resource.

Question

Quizplus · Accepted Answer

The fact that multiple consumers can access the same downloaded song indicates that it is not a private good, as it is not exclusive to Josh. It is also not a public good, as it is not non-excludable and non-rivalrous. It is not a common resource as there is no depletion or rivalrous use. Rather, the iTunes service is an artificially scarce good since it is made artificially scarce through the use of digital rights management technology to restrict the number of downloads.

Josh Has an IPhone and Frequently Downloads Songs from the ITunes