The merry-go-round in Ross Park, a public park, was first installed in 1920 and has been periodically refurbished by the city in the years since. There is no entry fee to visit the park or to ride the merry-go-round. Source: http://www.visitbinghamton.org/ebrochures/carousels.pdf. The merry-go-round is A. not a public good because there is a limited number of horses or seats on the merry-go-round. B. a public good because riding is free. C. not a public good because you can be excluded from riding a merry-go-round with a charge. OR a public good because getting into the park and riding are both free and many people can enjoy them at once

The merry-go-round in Ross Park, a public park, was first installed in 1920 and has been periodically refurbished by the city in the years since. There is no entry fee to visit the park or to ride the merry-go-round. Source: http://www.visitbinghamton.org/ebrochures/carousels.pdf. The merry-go-round is A. not a public good because there is a limited number of horses or seats on the merry-go-round. B. a public good because riding is free. C. not a public good because you can be excluded from riding a merry-go-round with a charge. OR a public good because getting into the park and riding are both free and many people can enjoy them at once

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter15: The Shortcomings Of Free Markets

Section: Chapter Questions

Problem 4TY

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