If the Maintenance Fees for a Lighthouse Are Paid in Full

question 7

Multiple Choice

If the maintenance fees for a lighthouse are paid in full each year by charging port fees, then the lighthouse is

• A) rivalrous and excludable
• B) nonrivalrous and excludable
• C) rivalrous and nonexcludable
• D) nonrivalrous and nonexcludable

---

Definitions:

Sales

The exchange of goods or services for money, constituting a basic activity and measure of success for most businesses.

Expenses

Costs incurred by a business or individual in the process of earning revenue.

Outdoor Media

Advertising media found outside of homes, including billboards, bus stops, and digital signages, used to promote products or services.

Billboards

Large outdoor advertising structures typically positioned in high-traffic areas to maximize visibility to passersby and motorists.