Asked by Johanna Lissette Veloz Segarra on Apr 27, 2024
Verified
One of the most important characteristics of information is that it is essentially a private good.
Private Good
A product or service that is excludable and rivalrous, meaning its use by one individual prevents others from using it, and it can be kept exclusive to those who pay for it.
- Comprehend the attributes and distinctions between public and private goods.
Verified Answer
JB
Jacob BuneaMay 01, 2024
Final Answer :
False
Explanation :
Information is often considered a public good because it is non-excludable and non-rivalrous, meaning one person's consumption of information does not reduce its availability to others, and it is difficult to prevent others from accessing it once it is made available.
Learning Objectives
- Comprehend the attributes and distinctions between public and private goods.