1. For each of the following, determine whether the item is a private good, impure public good or a pure public good. Explain your response based on the item’s characteristics. [2]

   1. Wilderness areas

   2. Medical school education

   3. Public television programs

   4. Automated teller machines (ATM)

Answer rating: 100% (QA)

Classification of Goods 1 Wilderness areas Pure Public Good Nonrivalrous Everyone can enjoy the bene... View the full answer