Appendix C XEOC 212 - Axia College Material Appendix C...

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Axia College Material Appendix C Differentiating Between Market Structures Table and Questions Fill in the matrix and describe differences in public and private goods, common resources, and natural monopolies. Use your book and the Tomlinson video tutorials as a tool to help you answer questions about market structures. Example Is there a rival in consumption? Is it excludable? Private Good A sandwich Yes, because once I eat the sandwich, there is none left for someone else. Yes, because it is easy to make people pay for their food individually. Public Good Street lighting No because if I am standing under the light, it does not make another street light less bright for someone else, nor does the light shut off after I am done using it. No, because you cannot make someone pay for street lighting because it is provided by the government for safety issues. Common Resource Water If it is bottled water, then yes there is a rival in consumption, but if it is just natural from a stream or something then no
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This note was uploaded on 03/28/2010 for the course XEOC 212 taught by Professor Ripley during the Spring '10 term at University of Phoenix.

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Appendix C XEOC 212 - Axia College Material Appendix C...

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