Homework answers / question archive / In the fourth assignment, you are asked to identify a good that you have used in the past month that is either a public good, common resource or artificially scarce

In the fourth assignment, you are asked to identify a good that you have used in the past month that is either a public good, common resource or artificially scarce

Economics

Share With

In the fourth assignment, you are asked to identify a good that you have used in the past month that is either a public good, common resource or artificially scarce. You should explain why the good is the type you believe it to be by explaining if it is rival or non-rival and excludable or non- excludable in consumption. Briefly discuss who provides this good, especially distinguishing between government provision and private, market provision. Also, you should mention if this good is likely to face the problem of free riders and why.