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Unformatted text preview: keep it too yourself and prevent others from having it but with a public good there is no way to prevent others from having it. 2. What is a common resource? A common resource is when something it available to everyone and one person takes one or a few that means less will be available to others who need it. 3. What is a natural monopoly? Take a fire protection in a small town it is easy to exclude someone from using this good the fire department can just let the house burn down. But once the town has paid for the fire department the additional cost of protecting one more house is small. Loretta Campbell 03/02/2011 Loretta Campbell 03/02/2011...
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- Spring '10