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Public Goods & Common Resources (CR Examples (Pastures, Water, Fishing…
Public Goods & Common Resources
CR Examples
Pastures
Water
Fishing Grouds
Atmosphere
Irrigation Systems
PG Examples
National Defense
Lighthouses
Fresh AIr
Knowledge
Street Lights
PG Characteristics
Non-rejectable
Non- Excludability
Non- Rivalry
CR Characteristics
Rivals
Face problems of Oversue
Not Excludable
Costly
Free of Charge
Robert D. Cacace