A stationary bike in a fitness room that is open to the public is? Economics help?
A stationary bike in a fitness room that is open to the public is?
- A private good
- A public good
- a common resource
- a good likely to be produced by a natural monopoly
I am very confused. I am between natural monopoly and public good but i am not sure which one fits better. Anyone help?
A stationary bike in a fitness room that is open to the public is?
- A private good
- A public good
- a common resource
- a good likely to be produced by a natural monopoly
I am very confused. I am between natural monopoly and public good but i am not sure which one fits better. Anyone help?