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?
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
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter13: Positive Externalities And Public Goods
Section: Chapter Questions
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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