Asked by
Kylie Knori
on Oct 26, 2024
Verified
Which good is MOST likely an artificially scarce good?
A) a ticket to a boxing match
B) pay-per-view of a boxing match
C) health care
D) the police department
Artificially Scarce Good
A good that is excludable but nonrival in consumption.
Pay-Per-View
A type of television or internet broadcasting service by which a user pays to view a specific television program or event.
- Recognize examples of artificially scarce goods and understand why they are considered as such.
Verified Answer
KC
Learning Objectives
- Recognize examples of artificially scarce goods and understand why they are considered as such.