Assume that the local museum in your city or town has free entry when it is not too crowded. However, when the number of visitors reaches a threshold level such that it
becomes too crowded it then becomes an example of a(n)
A) Social good.
B) Rival good.
C) Nonrival good.
D) Common property resource
E) None of the above

Question

Assume that the local museum in your city or town has free entry when it is not too crowded. However, when the number of visitors reaches a threshold level such that it
 becomes too crowded it then becomes an example of a(n)
A) Social good.
B) Rival good.
C) Nonrival good.
D) Common property resource
E) None of the above

Quizplus · Accepted Answer

When the number of visitors to the museum reaches a threshold where it becomes too crowded, it exemplifies a common property resource. This is because the museum's space and the enjoyment of its exhibits become limited due to overcrowding, making it rivalrous (one person's use diminishes another's ability to use it) but still non-excludable (it's not feasible to exclude others from entering when it's free).

Assume That the Local Museum in Your City or Town