How to classify goods (especially public goods)
How to classify goods (especially public goods)
Is the good rival or non-rival, excludable or non-excludable? Learn how goods can be classified and that non-excludable and non-rival goods are classified as public goods. Then you will be ready for your next AP, IB, or College Microeconomics Exam.
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Solved] Radio stations, tornado sirens, light houses, and street lights are
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