1)Which of the following is excludable?

a. apples on a tree in a public park

b. a fireworks display

c. swimming in the ocean

d. a walk in a public park

e. education at a community college

2)

In each of the following cases, state whether you believe the industry fits as perfect competition, pure monopoly, monopolistic competition, or oligopoly. State your reason.

a. Orange Growers in Jackson County,

b. Colleges in Jackson County,

c. Bookstores for Students of Jackson College.

1)

• The correct answer to this question is e. Education at a community college

Excludable goods are those goods whose usage can be limited to the people who actually pay. People who do not pay can be prevented from using or consuming it. In this case, apples in a public park, fireworks display, swimming in the ocean, and a walk in a public park all are non-excludable since consumption cannot be excluded for some people based on payment or non-payment. All the people are allowed to consume it as per their willingness. Whereas the education in a community college will involve certain fees charged to the students for availing the educational service facility. This is thus an excludable good, as by charging fees, some people can be prevented from getting education from the community college.

2)

In each of the following cases, state whether you believe the industry fits as perfect competition, pure monopoly, monopolistic competition, or oligopoly. State your reason.