Asked by Arabella Cutler on May 04, 2024
Verified
Refer to Scenario 11-3. Which of these goods is the best example of a club good? Briefly explain.
Club Good
A type of good that is excludable but non-rivalrous, meaning that access can be restricted but one person's use does not diminish availability for others.
Exotic Fish
Aquatic species that are not native to a region, often kept in aquariums or introduced to new habitats, sometimes with ecological impacts.
- Analyze examples from everyday situations to identify goods as private, public, common resources, or club goods, reflecting on their specific attributes.
Verified Answer
SM
Sabrina MarieMay 09, 2024
Final Answer :
The exotic fish in the huge aquarium is the best example of a club good, because the viewing of these fish is excludable and nonrival in consumption.
Learning Objectives
- Analyze examples from everyday situations to identify goods as private, public, common resources, or club goods, reflecting on their specific attributes.