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Find out a common property resource

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Reference no: EM131581551

Question: For each of the following examples, discuss whether it is a private good, a public good, a common property resource, or an artificially scarce good. Note that some examples may be considered more than one type of good.

a. Seats in a movie theater

b. Traffic lights

c. A lake on private land

d. A lake on public land

e. Cars owned by a car rental company

f. The water in a currently pure river, which can be used for drinking water as well as waste disposal

g. A hospital that provides free health care to lowincome households.

Reference no: EM131581551

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