2.) Pure public goods are those supplied by the public sector and private goods are those supplied by the private sector.

3.) Nonrival goods may be provided by the private sector, but only if they are excludable.

Expert Solution

2.) Pure public goods are those supplied by the public sector and private goods are those supplied by the private sectors- *True* as public goods are non rival and non excludable. It's use by one person doesn't decrease the value and is a free rider to all. Incase of pure private good is a private good or service that are rival and only the specific person or group can avail a private good.

3.) Nonrival goods may be provided by the private sector, but only if they are excludable. *True* - Club goods are a great example to show non rival goods yet they can be excluded as in case of goods taken advantage by members of any group where it can be provided by private sector like health club, JCI etc

Rahul Sunny answered 2 years ago

Differentiate between private goods, pure public goods and impure public goods. Give one example of each....

Differentiate between private goods, pure public goods and impure public goods. Give one example of each. (approx 250 words)

Explain the neutrality of income redistribution in the private provision of pure public goods

2.Explain fully why the private sector of a free enterprise economy cannot produce public goods such...

2.Explain fully why the private sector of a free enterprise economy cannot produce public goods such as lighthouses. Use the personal opinion to answer，thanks.

Explain the neutrality of income redistribution in the private provision of pure public goods? How is...

Explain the neutrality of income redistribution in the private provision of pure public goods? How is it related to perfect crowding out of government provision? Consider now the private provision of a local public good in a star network with three agents. Find the direction of welfare improving transfer? Find the direction for increasing the aggregate provision? Compare the two results.

How is the neutrality of income redistribution in the private provision of pure public goods related...

How is the neutrality of income redistribution in the private provision of pure public goods related to perfect crowding out of government provision?

should Accounting in the public sector be the same as in the private sector

what are the examples of nudges in the private sector and in the public sector?

Explain clearly using an example how the demand for pure public and private goods is derived?...

Explain clearly using an example how the demand for pure public and private goods is derived? How is the efficient output obtained in each good?

Given the arguments about how the public sector is different than the private sector, is it...

Given the arguments about how the public sector is different than the private sector, is it fair for people to complain about government being slow compared to private firms? Remember to draw on your readings and the lecture to support your thoughts.

The private sector has been regarded as a key partner of the public sector in providing...

The private sector has been regarded as a key partner of the public sector in providing funds for Infrastructure Investment. However, the private sector has faced a number of challenges in providing funds for infrastructure development. Discuss the challenges and suggest remedies that will assist the private sector to overcome these challenges

Question