For each of the goods, classify them according to whether they are rivalrous, nonrivalrous, excludable, or nonexcludable. rivalrous is also referred to as rival in consumption. a sports team t-shirt rivalrous and excludable nonrivalrous and nonexcludable rivalrous and nonexcludable nonrivalrous and excludable the air we breathe rivalrous and excludable nonrivalrous and nonexcludable nonrivalrous and excludable rivalrous and nonexcludable

Consider the following explanation

Explanation:

A sports team t-shirt:

Correct

Rivalrous and Excludable

(Sports team T-shirt is private good that comes at a cost to make others to pay before wear.

The air we breathe:

Correct

Nonrivalrous and nonexcludable

It is a pure public good that can be used by many at the same point without any cost paid.

Atlantic Bluefin Tuna in the Mediterranean Sea:

Correct

Rivalrous and nonexcludable

One Tuna can be caught by one person only but entering into the area cannot be prevented.

A toll road in normal traffic:

Correct

Nonrivalrous and excludable

It is a public system that can be used by many at a time. But, everyone has to pay the toll tax before using it.

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