Free parking spots in a crowded tourist town are ______ goods. A. public b. club c....

Free parking spots in a crowded tourist town are ______ goods.

A. public

b. club

c. private

d. common

Solutions

Expert Solution

The right answer is option B, that is, Club. As club goods are those goods which are non-rivalrous and excludable, therefore, we can say that free parking spots are available to everyone (non-rivalrous) to freely use but with each additional use the availability of free parking spots available to others decreases which is known as excludable.

Rahul Sunny answered 2 years ago

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