1. Chapter 16Public Goods and Public Choices 2. Private Goods, Public Goods, and InBetween• Private Goods: Rival and exclusive– Pizza– Sodas– Shoes• Public Goods:…
Slide 1 1 Public Goods and Public Choice Chapter 16 © 2006 Thomson/South-Western Slide 2 2 Introduction Private goods have two important features: They are rival…