why cinema is a club good instead of a private good ? Isnt cinema rivalrous ?...

why cinema is a club good instead of a private good ? Isnt cinema rivalrous ? when you take a seat in the cinema , others cannot sit on the same seat again .

Expert Solution

Answer:Club goods are invisible scarce goods mentioned in economics.It constitutes zero marginal cost which is naturally known as organic monopoly.Moreover,artificail scarcity always created in case of club goods.Example of club goods are cinema,cable television,social clubs to their members.Various Union formed around the world is also a example of it like European Union or NAFTA that includes free trade of goods,services,person and money(they have common currency Euro) with in the internal market.

Cinemas is highly excludable but also non rival or very low rivalry in consumption.Same movies can be seen two different cinema or different OTT platforms.When i take a seat in cinema,i bought tickets for that particular show which would run approximately 2 to 3 hours.Other persons can sit on same seat when next show is running after 2 to 3 hours, if he buy a ticket for it.

Rahul Sunny answered 2 years ago

Is a college class at a public university a Private good, Public good, or Club good

What type of good is a toll road? Select one: a. Club good b. Private good...

What type of good is a toll road? Select one: a. Club good b. Private good c. Public good d. Common resource

Explain which category (Public Good, Private Good, Club Good or Common Resources) each of the following goods...

Explain which category (Public Good, Private Good, Club Good or Common Resources) each of the following goods falls into and why: police protection snow plowing education rural roads city streets Why do you think the government provides items that are not public goods? (free-riding)

why isnt carbon 14 dating reliable?c

“Both private goods and club goods are excludable, so there are no reasons for the government to regulate or tax private goods and club goods producers.”

1. “Both private goods and club goods are excludable, so there are no reasons for the government to regulate or tax private goods and club goods producers.” Do you agree with this statement? Justify your answer. 2. Explain why does an increase in the price of ivory threatens the elephant population in Africa, while an increase in the price of beef protects the cow farms in Texas. 3. “When the market-equilibrium quantity of good “x” is larger than the...

Business Decision Case The Reserve Club is a traditional private golf and country club that has...

Business Decision Case The Reserve Club is a traditional private golf and country club that has three different categories of memberships: golf, tennis & swimming, and social. Golf members have access to all amenities and programs in the Club, Tennis & Swimming members have access to all amenities and programs except use of the golf course, and Social members have access to only the social activities of the club, excluding golf, tennis, and swimming. All members have clubhouse privileges, including...

In a monopolistic competitive firm explain why demand isnt the same to the marginal revenue

Discuss how Good Morning and Branded To Kill reflect a changing Japanese cinema of the 1960s?

SOHO House was founded in 1995 in London as a private members’ club for individuals within...

SOHO House was founded in 1995 in London as a private members’ club for individuals within the creative industries. SOHO House is aggressively expanding globally and has a diverse range of luxury properties spreading around the globe; from New York to Mumba and Barcelona to Hong Kong while also venturing into other industries to include homewares, cinema, restaurants, and hotels. Though SOHO House remains the leader in the private club sector, their recent diversification into other industries has impacted its...

Classify each of the following items as a public good, a private good, a natural monopoly...

Classify each of the following items as a public good, a private good, a natural monopoly good, or a common resource, and explain your classification. A car licenses Tuna in the Pacific Ocean Airline service within Canada A cinema A local storm-water system

Question