1. Problems and Applications Q1 Use the following classification to determine which category each of the following goods falls into. Rival in consumption? Yes No
1. Problems and Applications Q1 Use the following classification to determine which category each of the following goods falls into. Rival in consumption? Yes No Private Goods Club Goods Yes . Ice-cream cones Fire protection . Clothing Cable TV Congested toll roads Uncongested toll roads Excludable? Common Resources Public Goods No Fish in the ocean Tornado siren . The environment . National defense Congested nontoll roads Uncongested nontoll roads Goods Private Good Club Good Common Resource Public Good Local street lighting O O O O Metered parking at a municipal parking lot O O O O Public basketball courts O O O O Public beaches during the winter O O O O Private security patrol with idle officers O O O O
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