Which ones enter the category of public good

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Reference no: EM131803627

Question -

Two basic conditions for a good to be considered a public good are: no exclusion and no rivalry in consumption (or non-exhaustible).

Non-rivalry in consumption implies that consumption by a individual does not prevent use by other individuals; and, the principle of non-exclusion It has to do with the impossibility of excluding from the consumption of a product certain people.

Of the following goods or services: National defense, beaches, parks, private clubs, cable TV, open signal television, food, fish or go fishing, freeway and toll highway. Which ones enter the category of public good?

Of the criteria mentioned, which one or which are not met in the goods not selected as a public good?

Note: Present your answer in two tables. The first one with public goods and the another with the goods that do not meet the criteria mentioned above. In this Last table should indicate which criteria are not met for each good.

Reference no: EM131803627

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