A Movie at the Movie Theater Is an Example of a Good

question 73

Multiple Choice

A movie at the movie theater is an example of a good that is

• A)both non-rival and non-excludable
• B)both rival and excludable
• C)rival but non-excludable
• D)non-rival but excludable
• E)rival but whose consumption creates negative externalities

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Definitions:

Arouse Controversy

To provoke public debate or dispute, often by challenging established norms or opinions.

Interested

Exhibiting curiosity or concern about something or someone, showing a desire to be involved with or learn more about the object of interest.

Perfectly Rational

A theoretical state in decision-making where an individual makes decisions that lead to the optimal outcome, based entirely on logical reasoning.

Economic Persons

A theoretical concept suggesting that individuals act out of self-interest, making rational decisions to achieve the greatest personal benefit.