The table below shows the payoff (profit) matrix of Firm A and Firm B indicating the profit outcome that corresponds to each firm's pricing strategy (where $500 and $200 are the pricing strategies of two firms).Table 12.2

-The good for which neither the principle of mutual excludability nor the principle of rivalry applies is referred to as a:

Question

The table below shows the payoff (profit) matrix of Firm A and Firm B indicating the profit outcome that corresponds to each firm's pricing strategy (where $500 and $200 are the pricing strategies of two firms).Table 12.2
 
-The good for which neither the principle of mutual excludability nor the principle of rivalry applies is referred to as a:

Quizplus · Accepted Answer

The good for which neither the principle of mutual excludability nor the principle of rivalry applies is referred to as a public good. In this case, the payoff matrix is not relevant to determining the type of good.

The Table Below Shows the Payoff (Profit) Matrix of Firm