Classify each of the following items as a public good, a private good, a natural monopoly good,

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Classify each of the following items as a public good, a private good, a natural monopoly good, or a common resource.
• Highway control services
• City sidewalks
• U.S. Postal Service
• FedEx courier service

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Microeconomics

ISBN: 978-0133019940

11th edition

Authors: Michael Parkin

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Question Posted: Dec 15, 2015 07:25 AM

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Classify each of the following items as a public good, a private good, a natural monopoly good,

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Highway control services are nonexcludable and nonrival so it is a public good Sidewalks are no...View the full answer

Microeconomics

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