A debate is occurring among several economics students from your class over whether

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03-17-2008, 03:37 PM

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A debate is occurring among several economics students from your class over whether

Big Macs from McDonald's a A. Daphne: "Big Macs are a public good because they aren't rival in consumption, since my consumption still leaves plenty of Big Macs for everyone else."

B. Freddy: "Big Macs are a private good since they are neither rival in consumption nor excludable."

C. Bill: "Big Macs are definitely a private good because you can't eat them unless you pay for them and, when I eat one, that's one less for everyone else."

D. Velma: "Big Macs must be a public good since they are sold out in the open, without any limits placed on their sale by government."

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