Question

I GOT THESE ANSWERS BUT NOT 100% ABOUT THE SECOND ONE (I AM BETWEEN EXCLUDABLE OR PRIVATE) I CHOOSE EXCLUDABLE BECAUSE PRIVATE JUST SAY PRIVATE NOT PRIVATE GOOD

QUESTION 3 Nikola has developed a new tablet that instantly cures headaches. Nikola is kind and publishes the recipe on the internet. Thomas develops a capsule that despite its different recipe, also instantly cures headaches. Thomas immediately patents his recipe, hich means that only people that pay Thomas can use the recipe. The patent will last 20 years Select the item from the list provided to make the following statements true The marginal cost for someone to adopt Nikola's recipe, assuming everyone has access to the internet, would be 2. Common 3. Collective 4. Binary category 5. Tragedy of the Commons . Non-rivalrous 7. Excludable Due to the patent. Thomas' recipe must be considered as being The tablet produced by Nikola's recipe, assuming .Rivalrous 9. Private 10.0 11. Public 12. Spectrum everyone has access to the internet today, is an example of a good

Answer 1

First and last part of your question are correct. For the second part the answer will be Private Good. Private goods themselves are rivalrous and excludable. Thus being excludable is a property of Private goods. Also the goods having Patent rights are considered to be Private goods.