Question TWO Two categories of public goods are non-rival consumption goods and non-excludable goods. Discuss the similarities and differences between these two types of goods. If a good is non-rival in consumption, does that mean that it is also non-excludable?   If a good is non-excludable, does that mean it is non-rival in consumption?

Principles of Economics 2e
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ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
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Chapter13: Positive Externalities And Public Goods
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Problem 22CTQ: Radio stations, tornado sirens, light houses, and street lights are all public goods in that all are...
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Question TWO

Two categories of public goods are non-rival consumption goods and non-excludable goods.

  • Discuss the similarities and differences between these two types of goods.
  • If a good is non-rival in consumption, does that mean that it is also non-excludable?

 

  • If a good is non-excludable, does that mean it is non-rival in consumption?
  • Why might the market produce non-rival goods inefficiently?
  • Why might the market produce non-excludable goods inefficiently?
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