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Summary

Summary public goods

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  • July 6, 2022
  • 4
  • 2021/2022
  • Summary
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Public hoods Goods that :
are consumed collectively and are :




a) Non re
jettable cannot :
be rejected by people due to collective supply
-




↳ Non exllud able Individuals cannot be excluded from
-
:
consuming the good even

if they haven't paid for it
a) Non rival When one consumer consumes the good , it doesn't effect another
-
:




individuals ability to consume it

E9 Iam P0A submarine Flood detente , National defence
.

, ,




Quasi public Hood - :
Goods that are semi -
rival semi
,
-

excladable or semi -



rejectede
Eg . Police service M25 motorway , open beach
,




Private hood : Goods that are considered Watrous , ex cloud able and rejection e


Free Rider Problem : where the individual
-

is willing to pay to consume the good as they know if

someone else buys it they can benefit too since they're non ex Undone
-




,



↳ Create a tree Mamet

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