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Unformatted text preview: When you are reading this, or they are reading this, you all are collectively consuming what is here. When you go to a movie, everyone in the movie theater with you is collectively consuming the movie. As you quietly watch the movie, you do not diminish the value of the movie to anyone else. When you are driving around the Raleigh beltline, you are collectively consuming the road with the thousands of other motorists. Do you have a handle on collective consumption now? Remember, just because a commodity can be collectively consumed does not make it a public good. Public goods must have two characteristics. The second characteristic of a public good is the inability to exclude people from consuming the commodity once it is produced....
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.
- Fall '10
- Public Good