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Public Goods & Common Resources (Public Goods (Examples (Lighthouses,…
Public Goods & Common Resources
Public Goods
Characteristics
Free Riders
Non-Rivalry
Non-Excludability
Examples
Lighthouses
Police and Fire Services
Public Roads
Military
Public Parks
Common Resources
Characteristics
Rivalry in Consumption
Overuse
Non-Excludability
Examples
Air
Forests
Water
Atmosphere
Fishing Grounds