(a) Explain why education is not a public good. (b) Using a carefully labeled diagram explain how the introduction of free public education might lead to no change in the consumption of private education. Does this imply that there is no difference in quality between private and public education?
(a) Explain why education is not a public good. (b) Using a carefully labeled diagram explain how the introduction of free public education might lead to no change in the consumption of private education. Does this imply that there is no difference in quality between private and public education?
Chapter1: Making Economics Decisions
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(a) Explain why education is not a public good.
(b) Using a carefully labeled diagram explain how the introduction of free public education might lead to no change in the consumption of private education. Does this imply that there is no difference in quality between private and public education?
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