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xxMikexx [17]
3 years ago
14

Because public goods are:

Business
1 answer:
nadezda [96]3 years ago
6 0

Answer:

The correct answer is

not excludable, people have an incentive to be free riders. (b.)

Explanation:

Excludability of a good or service is a property of the good or service that makes it impossible for a consumer who has not paid for it to have access to it, hence, a non-excludable good or service is one to which it is impossible to prevent access by people who have not paid for it.

Based on whether goods are excludable or non-excludable, goods can be divided into four categories; private goods, common-pool goods, club goods and public goods.

Public goods: public goods are also called collective goods or social goods. Example here are public parks, street lights, air, etc. In addition to being non-excludable, public goods are also non-rivalrious, meaning that the use of the good by one person does not limit the use by another, hence  the free rider incentive applies.

For a better understanding, I suggest you look up the other types of goods I mentioned above.

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Nataly_w [17]

Answer:

Explanation:

negative externality (NE)

positive externality (PE)

a. Overallocation of resources: NE

b. Tammy installs a very nice front garden, raising the property values of all the other houses on her block. PE

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4 0
3 years ago
IDENTIFY THREE THINGS A DEED OF PARTNERSHIP CONTAINS
Arisa [49]

Answer:

Name of the firm as determined by all the partners.

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3 0
2 years ago
What are possible red flags or signs of a scam when buying a car?
Ede4ka [16]

Answer:

D- both A and C

Explanation:

- Being told your financing fell through

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This is not  a red flags. Both the sellers and the customers will always try to get the best deal possible. So often times, the negotiations will become lengthy until they eventually found a middle ground.

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In order to be aware of this, you need to conduct individual researches so you have general idea regarding the market value of the car along with average prices for additional services.

8 0
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