State Whether Each of the Following Goods and Services Is

question 182

Essay

State whether each of the following goods and services is nonrival, nonexcludable or both:
a.A toll road
b.A public park
c.A lighthouse
d.An art museum
e.A radio broadcast of "A Prairie Home Companion"

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Definitions:

Competitive-Edge Strategies

Tactics and approaches utilized by companies to gain a superior position in the marketplace and outrun their competitors.

Environmental-Change Strategies

are approaches organizations adopt to adjust and thrive in response to changes in the external environmental factors.

Risk-Management Strategies

Approaches and practices for identifying, assessing, and mitigating risks to minimize their impact on an organization.

Uncertainty

A condition of being unsure about something, especially regarding future events or the potential outcomes of actions.