Question
Asked Oct 4, 2019
  1. quasi-public goods:

a. Please thoroughly and completely explain the

presence of quasi-public goods.

b. Please provide 3 examples of quasi-public goods

and explain why they are good examples.

c. Explain how quasi-public goods are used by the

1% versus the 99%.

 

check_circleExpert Solution
Step 1

Quasi-public goods are the goods, which have the directly inverse characteristics of common resources. A quasi-public good will be non-rival, but the characteristic of excludability is there. This means, the quasi-public goods have both the characteristics of a public good and a private good.

Step 2

Constructions based on public private partnership, such as roads, bridges and tunnels are the examples of quasi-public goods. This kind of good...

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