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A fireworks display is a ______________________ because ___________________.
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Wize University Microeconomics Textbook > Public Goods and Common Resources
Public Goods and Common Resources
5 Activities
A fireworks display is a ______________________ because ___________________.
common-resource good; one person's consumption of fireworks will not prevent another person from enjoying the fireworks.
public good; you cannot exclude someone from enjoying it if they don't pay and one person's consumption doesn't prevent another person from enjoying it.
club good; they are expensive and are reserved for club society.
private good; one person's consumption of fireworks will not prevent another person from enjoying the fireworks.
normal good; you cannot exclude someone from enjoying it if they don't pay.
I don't know
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