Identify the public good attributes of each of the following. Also, explain how (and if) these goods
Question:
Identify the public good attributes of each of the following. Also, explain how (and if) these goods could be efficiently provided by the private sector.
a. lighthouse
b. an income redistribution plan
c. universal health care
d. snow removal service
e. cable television
f. broadcast television
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a Public good attributes Nonexcludable Once a lighthouse is built it is difficult to prevent ships from benefiting from its light even if they do not pay for it Nonrival One ship using the light of a ...View the full answer
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Authors: Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, Barbara A. Wiens-Tuers
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