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What kind of good is it. A treadmill in a fitness room that open to the public - private good - common resource - public good - monopolies natural?
Wiki User
∙ 11y ago
It is a common resource.
A good that is rival in consumption and nonexcludable is a common source. Since it is open to the public is rival in consumption since two people cannot use the bike at the same time. BUT, it is nonexcudable, since anyone is free to use the fitness room.
Wiki User
∙ 11y ago
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