Question: There is a small town with only wooden structures. The local leaders impose a property tax to fund a fire department because of persistent free
There is a small town with only wooden structures. The local leaders impose a property tax to fund a fire department because of persistent free riders refusing to pay for the non-profit firefighting service. What type of good best describes this fire department?
Public good
Private good
Survival good
Artificially scarce good
Common pool resource
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
