Where should each of the following goods lie in Figure 5.2? Explain why each is or is not a pure public good. Where applicable, note instances where the good is both publicly and privately provided:
a. College education
b. A local park
c. Yosemite National Park
d. Sewage collection
e. Water
f. Electricity
g. Telephone service
h. Retirement insurance
i. Medicine
j. Police protection
k. TV
l. Basic research
m. Applied research

Figure 5.2

Transcribed Image Text:

Marginal cost of use Congested highway Pure public good: National defense Pure private good: Health services, education Fire protection Ease of exclusion