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You Toss a Newly Purchased Felt Mouse Across the Floor;

question 30

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You toss a newly purchased felt mouse across the floor; your cat chases it excitedly,clutches it in her paws,and rolls around with it.Several tosses later,your cat yawns pointedly and settles herself for a nap.The change in your cat's behavior illustrates:


Definitions:

Free-ride

The act of benefiting from resources, goods, or services without paying for the cost of the benefit.

Rival

In economics, a good or service is considered rival if its consumption by one individual prevents simultaneous consumption by other individuals.

Excludable

Refers to a property of a good or service where it's possible to prevent people who have not paid for it from having access to it.

Efficient Quantity

The amount of a good or service that maximizes the net benefit to society.

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