Asked by
Filip Sundqvist
on Oct 26, 2024
Verified
Which example is considered a common resource?
A) a public beach with free access
B) a seat on an airplane
C) a highway to which access is granted only to those who pay a specified toll
D) a city sewer system
Public Beach
A beach area open to the general public, often maintained by a governmental entity, providing access to the shoreline without private ownership restrictions.
Common Resource
A type of good that is non-excludable and rival in consumption, such as public parks or fish in the ocean.
- Identify the difficulties in providing public goods and common resources through private markets.
Verified Answer
RA
Learning Objectives
- Identify the difficulties in providing public goods and common resources through private markets.
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