AS Paper 1, June 2018Introduction to Markets and Market Failure
AS Paper 1, June 2018, Q5(c)
BBC programmes are often referred to as being public goods. This is because:
Multiple choice1 mark
Context
The British Broadcasting Corporation (BBC) is a TV broadcaster. It is financed through an annual TV licence fee of £145.50. At this fee level many TV owners benefit from consumer surplus.
Aall BBC programmes are financed by the public sector
Bthe BBC is the most popular broadcaster in the UK
Cthe consumption of these programmes is non-rivalrous
Dthere are external benefits from the consumption of many BBC