Macroeconomics: Principles, Problems, & Policies 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0-07766-077-3
ISBN 13: 978-0-07766-077-2

Chapter 4 - Market Failures: Public Goods and Externalities - Discussion Questions - Page 105: 3

Answer

Satellite TV is a private good, as it is excludable, as a TV provider has the ability to not provide TV to certain people, who do not opt to pay for TV. It might also be rivalrous in consumption, as the TV provider might have a limit to the maximum number of people that they are able to provide for. Thus, one person's consumption of the good might diminish the next person's ability to.

Work Step by Step

N/A
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.

GradeSaver will pay $15 for your literature essays
GradeSaver will pay $25 for your college application essays
GradeSaver will pay $50 for your graduate school essays – Law, Business, or Medical
GradeSaver will pay $10 for your Community Note contributions
GradeSaver will pay $500 for your Textbook Answer contributions