Example of Non-Rivalry: Street Light

Example of Non-Rivalry: Low Crime Rate

Example of Non-Rivalry: Expert Weather Forecasting

Financing Models for Early Radio Broadcasting

City-Wide Wi-Fi Network Proposal

A technology firm invests $1 million to create a new piece of software. Once development is complete, the software is made available for download online. Which statement best describes the cost of providing this software to one additional person after it has been released?

Analyze the characteristics of the following goods and services. Match each item to the description that best reflects the degree to which one person's use affects its availability or quality for others.

Hurricane Prediction Pricing Strategy

For a good that is non-rival, such as a radio broadcast, economic efficiency is achieved when the producer charges a price high enough to recover the initial fixed costs of production.

The Economics of a Lighthouse

A city government spends $50 million to build a large bridge. The bridge is designed to be so spacious that it never experiences traffic congestion, meaning an additional car crossing it imposes no new costs on society or the infrastructure. To help pay for the initial construction, the city council proposes charging a $1 toll per crossing. From an economic efficiency standpoint, what is the primary problem with implementing this toll?

A coastal town invests $10 million to construct a seawall that protects all homes from storm surges. The wall is large enough that the protection it offers is not diminished by the number of people in the town. Once the wall is built, what is the economically efficient price to charge a new resident who moves into an existing home behind the wall for the protection they receive?

Connecting Consumption and Cost

National Defense Funding Proposal

Market Failure in the Private Provision of Non-Rrival Goods