Which of the following goods is rival in consumption and is also ...

[wrbasek0]

Which of the following goods is rival in consumption and is also excludable?
 
  A) A fireworks display
  B) A movie shown on cable television
  C) A DVD
  D) A magic show in a public park.

Question 2

Why do prices have to be based on supply and demand, rather than cost?
 
  A) Costs, unlike supply and demand, are based on subjective factors.
  B) People cannot be compelled to base prices on costs
  C) People should be free to set whatever prices they prefer.
  D) Supply and demand determine costs.
  E) Because basing prices on costs is less efficient than basing prices on supply and demand.

[nixon_s]

Answer to Question 1

C

Answer to Question 2

D

[wrbasek0]

TYSM

[AmberC1996]

Thanks for the timely response, appreciate it