Question

In: Economics

Is a college class at a public university a Private good, Public good, or Club good

Is a college class at a public university a Private good, Public good, or Club good

Solutions

Expert Solution

Private goods are excludable and rivalry in consumption

Public goods are not excludable and non rivalry in comsumption

Club goods are ecludable but non rivalry in consumption

For attending college class at a public university, students may have to pay a small amount of tutuon fees. Thus its excludable. But its non rivalry in consumption.

Thus its a club good

Rahul Sunny answered 1 year ago
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