Why education is not a very satisfactory example of a public

Reference no: EM131403164

1. Explain why the services of a lighthouse are sometimes used as an example of a public good.

2. Explain why education is not a very satisfactory example of a public good.

3. In recent decades, college tuition costs have risen more rapidly than the general price level, even though the wages of college professors have failed to keep pace with the price level. Can you explain why?

Reference no: EM131403164

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