The O'Reilly Factor is a popular cable television news show. To watch the show requires a paid subscription. Therefore, which of the following is TRUE?
A) This show is a nonrival private good because 1) nonpayers can be excluded and 2) when one person watches it does not diminish another person's ability to watch.
B) This show is a public good because payers and nonpayers alike are watching a rival show.
C) This show is a public good because 1) no one can be excluded and 2) when one person watches it does not diminish another person's ability to watch.
D) This show is a common good because 1) nonpayers can be excluded and 2) when one person watches it does not diminish another person's ability to watch.
Correct Answer:
Verified
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