REQUIREMENT

You are required to choose a public good in the market and explain how the chosen product fits into the characteristics. Decide if market fails for the chosen product in the market. Discuss.

Introduction to the chosen public goods-Very clear introduction to the chosen public goods

Explanation of how the chosen public goods fits its characteristics-Very clear explanation on how the chosen public goods fits its characteristics

Decision on whether market failure happens for the chosen public goods-Very clear decision with concrete justifications and examples

Suggestions to overcome the economic problem of the chosen public goods-At least 4 suggestions were provided

I've choosen public transport which is train as a public good. Kindly help me write up further on this, please.

Furthermore, here they are meaning 2 characteristics which is non-rivalry and non-excludability.

Thanks in advance