State whether each of the following goods is nonrival, nonexcludable, or both:
-street lights

Question

Quizplus · Accepted Answer

Street lights are both nonrival and nonexcludable. Nonrival means that one person's use of the good does not diminish another's ability to use it, and nonexcludable means that it is difficult or impossible to prevent anyone from using the good. Street lights fit both criteria, as they illuminate areas for everyone without limiting the light available to others, and it is not feasible to exclude individuals from benefiting from their illumination.

State Whether Each of the Following Goods Is Nonrival, Nonexcludable