PURPOSE The purpose of the assignment is to assess learners' knowledge on the characteristics of private goods and its application in the real world. REQUIREMENT You are required to choose a private good in the market and explain how the chosen product fits into the private goods' characteristics. Discuss the chosen private goods' market equilibrium using graphs. Discuss the differences between private goods and public goods
PURPOSE The purpose of the assignment is to assess learners' knowledge on the characteristics of private goods and its application in the real world. REQUIREMENT You are required to choose a private good in the market and explain how the chosen product fits into the private goods' characteristics. Discuss the chosen private goods' market equilibrium using graphs. Discuss the differences between private goods and public goods
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter18: Public Economy
Section: Chapter Questions
Problem 6SCQ: Anastasia, Emma, and Greta are deciding what to do on a weekend getaway. They each suggest a first,...
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