1. 11 Public Goods and Common Resource 2. “The best things in life are free. . .” Free goods provide a special challenge for economic analysis. Most goods in our economy…
1. 11 Public Goods and Common Resource 2. “The best things in life are free. . .” Free goods provide a special challenge for economic analysis. Most goods in our economy…
Slide 1Chapter Public Goods and Common Resources 11 Slide 2 The Different Kinds of Goods Excludability – Property of a good – A person can be prevented from using it…
ECONOMICS Public Goods and Common Resources 1 The Different Kinds of GoodsPrivate goodsExcludable & Rival in consumptionPublic goodsNot excludable & Not rival in…
Public Goods and Common Resources Public Goods and Common Resources There will be about four questions on your test from this presentation⦠Possibly even a free response…