You Are Studying with a Friend and Your Friend Says,"private

question 129

Essay

You are studying with a friend and your friend says,"private goods are excludable and nonrival,while public goods are nonexcludable and rival." Do you agree?

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Definitions:

Operating Lease

A lease agreement allowing a company to use an asset without ownership, with lease payments expensed as incurred.

Capital Leases

A lease agreement that grants the lessee almost all the risks and benefits of ownership of the asset leased.

Financial Lease

A long-term lease agreement where the lessee assumes the risks and rewards of ownership, often with the option to purchase the asset at the end of the lease term.

Lessor

A person or entity that owns an asset and leases it to another party (lessee) under a lease agreement.