Classify each of the items in the list as a private good, a public good, a common

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Classify each of the items in the list as a private good, a public good, a common resource, or a club good. Explain each classification.

• New Year’s Eve celebrations in Times Square, New York
• A city’s sewer system
• New York subway system
• A skateboard
• Cable TV
• Niagara Falls

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Foundations Of Economics

ISBN: 9780135897478

9th Edition

Authors: Robin Bade, Michael Parkin

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