Classify each of the following items as excludable, nonexcludable, rival, or nonrival. (or else a public good, a private good, a natural monopoly good, or a common resource.) (a) Oxygen (b) A bottle of wine (c) A view of a harbor (d) A public square (e) A Facebook post (f) Complimentary ice cream (g) Wild goats in a forest (h) Wealth management services (i) A highway.
Classify each of the following items as excludable, nonexcludable, rival, or nonrival. (or else a public good, a private good, a natural monopoly good, or a common resource.) (a) Oxygen (b) A bottle of wine (c) A view of a harbor (d) A public square (e) A Facebook post (f) Complimentary ice cream (g) Wild goats in a forest (h) Wealth management services (i) A highway.