As a big music fan, you want to attend a weekend blues festival in your town. The purchase of a wristband gives you and thousands of other fans access to the outdoor concert pavilion. The blues festival is a good that has the characteristics of being:
A) rival and excludable.
B) nonrival and excludable.
C) rival and nonexcludable.
D) nonrival and nonexcludable.
Correct Answer:
Verified
Q29: If a good has a marginal cost
Q34: Wenqin lives in a city that has
Q36: Although most citizens have access to police
Q37: DeVonda owns a music store. One night,
Q38: Public goods differ from common resources in
Q39: An artificially scarce good is similar to
Q40: National defense and clean air are similar
Q41: The free-rider problem is a direct result
Q42: When the allocation of resources is such
Q59: A software program is similar to an
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents