Asked by Camryn Morrow on Jun 16, 2024

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Are whales excludable? Are they rival in consumption? How do we classify whales in terms of the four types of goods?

Excludable

A characteristic of a good where its use can be restricted to only those who pay for it.

Rival in Consumption

A good or service is considered a rival in consumption if its use by one individual diminishes the availability or quality for others.

Whales

Large aquatic mammals known for their size, intelligence, and complex social structures, belonging to the order Cetacea.

  • Identify the characteristics of goods in terms of their excludability and rivalrousness in consumption.
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MJ
Michael JohnsonJun 20, 2024
Final Answer :
Whales are not excludable, but they are rival in consumption, so whales are classified as common resources.