Put each of the following goods or services into one of the categories shown in Figure 5.7 on page 166. That is, categorize them as private goods, public goods, quasi-public goods, or common resources.
Figure 5.7: Four Categories of Goods

a. A television broadcast of baseball's World Series
b. Home mail delivery
c. Education in a public school
d. Education in a private school
e. Hiking in a park surrounded by a fence
f. Hiking in a park not surrounded by a fence
g. An apple?

Transcribed Image Text:

Nonexcludable Excludable Private Goods Common Resources Eхamples: Examples: Big Macs Running shoes Rival Tuna in the ocean Public pasture land Quasi-Public Goods Public Goods Examples Cable TV Toll road Examples: National defense Nonrival Court system