Principles of Microeconomics, 7th Edition

Published by South-Western College
ISBN 10: 128516590X
ISBN 13: 978-1-28516-590-5

Chapter 11 - Part IV - Public Goods and Common Resources - Problems and Applications: 4

Answer

*public good *common resource *privatization or government regulation might arise to bring good back to public good.

Work Step by Step

*public good, because not priced so not excludable, and the use of one person won't stop another from benefiting from it so not rival. *common resource, because the use of the internet by one person can decrease the use of the good by another person. yes rival, no excludable *government regulation to purchase a higher speed internet might be necessary
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