3. The fish in Lake Mendota are best described as A. Private goods B. Club goods C. Common Resources D. Public goods 4. A problem that occurs when the non-excludability of a public good leads to under-supply is A. Common resource problem B. free rider problem C. Externalities problem D. Collective action problem 5. At UW, the Camp Randall Memorial Sports Center (the Shell) is a popular recreational facility, which typically has plenty of space to work out in while requiring its users to pay a user fee each year. The Shell has the characteristics of a A. Private good B. Club good C. Common resource D. Public good 6. The following are the causes of market failure (mark all that apply) A. Externalities B. Club goods C. Private goods D. Asymmetric information