Which example is BEST characterized as an artificially scarce good?
A)diamonds because their supply is artificially restricted by monopoly producers
B)music that is downloadable from the Internet for a fee
C)a daily newspaper
D)hot dogs in a sports stadium because the number of suppliers is restricted

Question

Quizplus · Accepted Answer

Artificially scarce goods are non-rivalrous but excludable, like downloadable music, which can be easily reproduced but access is restricted by charging a fee.

Which Example Is BEST Characterized as an Artificially Scarce Good