Which of the following are private goods and might, therefore, be provided in socially optimal amounts by

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Which of the following are private goods and might, therefore, be provided in socially optimal amounts by private profit-maximizers? Which are public goods and should, therefore, be provided by the public sector or by the private sector with public subsidies?
a. A swimming pool large enough to accommodate hundreds of people.
b. A fireworks display.
c. A heart transplant.
d. Vaccination against a highly contagious disease.
e. A wilderness area.
f. Vocational education.
g. On-the-job training.
h. Secondary education.

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Law and economics

ISBN: 978-0132540650

6th Edition

Authors: Robert cooter, Thomas ulen

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