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The provision of education in public school is exclusive and rival. exclusive and non-rival. nonexclusive and non-rival.

The provision of education in public school is exclusive and rival. exclusive and non-rival. nonexclusive and non-rival.

Microeconomics: Private and Public Choice (MindTap Course List)
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter5: Difficult Cases For The Market And The Role Of Government
Section: Chapter Questions
Problem 3CQ
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Can you explain why?

QUESTION 2 The provision of education in public school is exclusive and rival. exclusive and non-rival. nonexclusive and non-rival. O nonexclusive and rival. O a public good, regardless of exclusivity and rivalness.
Transcribed Image Text:QUESTION 2 The provision of education in public school is exclusive and rival. exclusive and non-rival. nonexclusive and non-rival. O nonexclusive and rival. O a public good, regardless of exclusivity and rivalness.
Expert Solution
Step 1

Public goods are commodities or services that benefit all members of society, and which are often provided for free through public taxation.

Public goods posses two important characteristics. These are:

Non-excludability - Individuals or groups cannot be excluded from using the goods

Non-rival - The use of goods by one doesn't cause a reduction in their availability to others.

 

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