1. What is an example of a good that has become a public (or quasi-public) good due to technology? 2. Explain how technology has made this good non-rival in consumption or non-excludable. 3. Is there a free rider problem in the good you mentioned? How can the free rider problem be addressed in that example?

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A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts…

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Q: In macroeconomics 1. List and explain the three ways in which there can be market failure.  2.…

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Q: 85. All of the following would be government solutions to externality problems EXCEPT: a.public…

A: NOTE: Since you have asked multiple questions we will be answering only the first one, if you need…

Q: Offer an example of a good that has become a public (or quasi-public) good due to technology.…

A: A public good refers to a good that is non-rival and non-excludable in nature. For example, roads,…

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Q: Next question Which of the following is an example of a positive externality? A. A lower inflation…

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Q: What is market failure? Explain in your own words

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