Apr29-12, 05:19 PM
Is the good rival or excludable.
Private Good,Public Good,Common Resourse, Quasi Public Good
1. A cup of coffee at a coffee shop
2. City fire protection
3. Polar bears in the Arctic
4. Clean air
Are there any externalities associated with this good?
Explain whether the private market should provide this good or the government should provide this good. Explain in terms of whether the characteristics of the good would make it difficult to be provided by the private market or the government.
1. The problem statement, all variables and given/known data
2. Relevant equations
3. The attempt at a solution
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