Choose a program or service that is provided by government. Try to choose a unique example that has personal interest for you. 1. Tell us what program or service you chose. 2. Does your example fit the definition of a rival good? Explain why or why not. 3. Does your example fit the definition of an excludable good? Explain why or why not.
Choose a program or service that is provided by government. Try to choose a unique example that has personal interest for you. 1. Tell us what program or service you chose. 2. Does your example fit the definition of a rival good? Explain why or why not. 3. Does your example fit the definition of an excludable good? Explain why or why not.
Chapter17: Market Failure: Externalities, Public Goods, And Asymmetric Information
Section: Chapter Questions
Problem 12QP
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Choose a program or service that is provided by government. Try to choose a unique example that has personal interest for you.
1. Tell us what program or service you chose.
2. Does your example fit the definition of a rival good? Explain why or why not.
3. Does your example fit the definition of an excludable good? Explain why or why not.
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