7. Kate works at a community center, which collects donated coats. At winter time, Kate gives a coat to anyone who comes to the community center and asks for one, free of charge. Which strategy for allocating scarce resources does this example demonstrate?

7. Kate works at a community center, which collects donated coats. At winter time, Kate gives a coat to anyone who comes to the community center and asks for one, free of charge. Which strategy for allocating scarce resources does this example demonstrate?

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter11: Public Goods And Common Resources

Section: Chapter Questions

Problem 4CQQ

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7. Kate works at a community center, which collects donated coats. At winter time, Kate gives
a coat to anyone who comes to the community center and asks for one, free of charge.
Which strategy for allocating scarce resources does this example demonstrate?

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