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For a good or service to be considered a public good, it must meet at least one criteria. Think of one good or service (other than education, healthcare, police/fire) that you believe is or should be classified as a public good and explain how it meets the criteria.

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Chika Ilonah
Chika IlonahLv10
28 Sep 2019

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Related questions

Compare and contrast a public good versus a private good. (a) What are the principal characteristics of each? (b) Is there a free rider problem when it comes to public goods? Why? (c) Do you consider your local police force a public good or a private good? Why? (d) How about your local (over the air) TV service? Explain.

 

Problem 2

Compare and contrast a public good versus a private good. What are the principal characteristics of each?

What are the two key characteristics of public goods? Is there a free rider problem when it comes to public goods? Why?

Do you consider your local police force a public good or a private good? How come? How about your local TV service? Please explain your answer.

Step 1: Analyze the following public goods and services. For each of the following public goods, analyze the external benefits to society and their efficient delivery: Firefighting service; U.S. Route 66; Public education.

Step 2: How do the people in charge of each of these services come to the decisions that provide an efficient quantity of each public good or service? What are the external benefits that each public good or service provides? Are there other public goods or services that you believe have external benefits but fall victim to the free-rider problem?

Step 3: Use your analysis to answer questions. In a two-page (500-word) document, address the following questions using the information you have gathered from your analysis in.

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