Question

Because other firms are willing to pay to advertise with them, suppliers of nonrival private goods often modify their products to take on the qualities of what type of goods in distribution? private goods public goods common resources None of the above; producers of nonrival private goods do not change their characteristics. Which statements are reasons why advertising is an effective solution to the problem of some private nonrival goods?
a. Private Goods



b. Public Goods



c. Common Resources



d. None of the above; producers of nonrival private goods don't change their characteristics

Answer 1

Answer:

b. Public Goods

Explanation:

Public Goods -

It is the type of goods and services , which each and every person can use , without any kind of restriction , is known as public goods .

These type of goods are considered to be non - rivalrous , i.e. ,  these goods do not reduce , irrespective of their usage .

And ,

are non - excludable , i.e. , these goods are open for all and some individual or group van not hold on to it .

The example of public goods are - public parks , sewer system , law enforcement etc .