"The Internet is nonrival, which means it's a public good." Do you agree or disagree? Explain
What will be an ideal response?
The statement is incorrect. A public good is both nonrival and nonexcludable. Although the Internet is nonrival, it is excludable, which means that the Internet is a natural monopoly, rather than a public good.
Economics
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In research, what is the importance of experiments? What is meant by randomization in experiments?
What will be an ideal response?
Economics
Under a fixed exchange rate regime, suppose there is an increase in housing wealth that causes an increase in consumption. This wealth-induced increase in consumption will cause
A) an increase in investment. B) a reduction in net exports. C) an increase in imports. D) all of the above E) none of the above
Economics