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Author Question: One important feature that distinguishes a private good from a public good is that (Read 74 times)

justinmsk

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on: May 24, 2019
One important feature that distinguishes a private good from a public good is that
◦ only the government can produce private goods.
◦ nobody can be excluded from enjoying the benefits of a private good.
◦ a private good is excludable and a public good is nonexcludable.
◦ if you consume a unit of a private, that means there is no less for someone else.
◦ a private good is nonrival and a public good is rival.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by justinmsk on May 24, 2019

yasmina

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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justinmsk

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Reply 2 on: May 24, 2019
Great answer, keep it coming :)

FergA

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Reply 3 on: Yesterday
Excellent

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