Paper work review on; Mechanism that give birth to environmental problems. 1n this case?relating to this industry?4. Do you think it is possible to draw a clear distinction between private and publicgoods? Which of the following might be considered public goods: farmland,forest land, beach front property, highways, a city park, a parking lot, a sportsarena? What rules of the market or of public policy should apply to the provisionof these goods?[55]

It is possible to differentiate between public goods and private goods. It can be done by analysing…

Answered: private and public

Business

Economics

private and public

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter11: Public Goods And Common Resources

Section: Chapter Questions

Problem 2CQQ

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1. Give 1 example of each type of private goods, common goods, club goods, and public goods? 2. give an argument why the item is private goods or common goods or club goods or public goods?
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