1. For ea of the following examples, discuss whether it is a private good, a public good,...
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1. For ea of the following examples, discuss whether it is a private good, a public good, a common property resource, or an artificially scarce good. Note that some examples may be considered more than one type of good.
a. Seats in a movie theater
b. Traffic lights
c. A lake on private land
d. A lake on public land
e. Cars owned by a car rental company
f. e water in a currently pure river, whi can be used for drinking water as well as waste disposal g. A hospital that provides free health care to low-income households
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Related Book For
Microeconomics In Context
ISBN: 9781138314566
4th Edition
Authors: Neva Goodwin , Jonathan M. Harris, Julie A. Nelson , Pratistha Joshi Rajkarnikar , Brian Roach , Mariano Torras
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