Unformatted text preview: cannot be excluded from enjoying) Nonrivalrous (one person’s use does not diminish the supply available for others) Free rider problem- Like national defense, infrastructure, education, health care, etc. Private goods are excludable- Excludes someone else from having it There can be a market for private goods with prices Difficult to have a market for public goods...
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- Spring '08
- Public Good, Market failure, collective action, Free rider problem