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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

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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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