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Public Good Discussion
Why might the “raining food” generated by Flint Lockwood’s Diatonic Super Mutating Dynamic Food Replicator (or the FLDSMDFR) be considered a public good?
Public Good Discussion Answer
Flint Lockwood’s Diatonic Super Mutating Dynamic Food Replicator is a public good. This is because the benefits derived from the food replicator is free to all. The replicator possess the feature of being nonrivalry and nonexcludability, which means that no one can prevent the other to enjoy the utility or benefits of using the replicator.
This question is taken from Econ 001 – Microeconomics Principles » Sumer 2021 » Discussions