What sort of good is community safety

Reference no: EM132179318

Question: Consider community safety or defense, meaning freedom from crime and threats, to answer the following questions.

a. What sort of good is community safety?

b. If you lived in a place with no government funded police force, would you expect community safety to be oversupplied or undersupplied?

c. Suppose that some neighbors get together and organize a block watch group. What term do economists use to describe someone who lives in the neighborhood but chooses not to volunteer as part of the block watch?

Reference no: EM132179318

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