Examlex
Which of the following statements is true of the nursing homes for older adults in the United States?
Excludable
A characteristic of a good or service that allows owners or producers to prevent its use or consumption by others.
Rival
in the context of goods, refers to a type of good for which one person's use diminishes others' ability to use it.
Club Goods
Goods that are excludable but not rival in consumption
Private Goods
Products or services that are consumed by one individual and cannot be used simultaneously by others.
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