What are the two characteristics of public goods? is u.s. border control a public good or a private good? why? how about satelli

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Alla [95]

1 year ago

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What are the two characteristics of public goods? is u.s. border control a public good or a private good? why? how about satelli

te tv?

Business

1 answer:

Cloud [144] · Answer 1 · 2023-10-03T14:53:15+03:00

Two main characteristics of Public goods are that they are non-excludability and non-competitiveness. These characteristics make it difficult for market producers to sell their goods to the individual consumers. The Non-excludable means that it is expensive or impossible for users to exclude other users from using the product.

The US Border Patrol is a Public Good US Border Patrol is a public good because it is the non-competitive and non-exclusive. The Satellite TV is personal property. Equilibrium output is greater than efficient output when negative externalities exist in the market. Use the regulations that require firms to internalize external costs.

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