Chapter 16 - Public Goods and Public Choice

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6 Terms

1
Natural monopolies
________ can be given by the private sector, such as a private golf course, or by the government, such as a municipal golf facility.
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2
migratory games
In the ocean, fish are rivals in the sense that once one is caught, it is no longer available for others to catch; the same is true for ________ such as geese.
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3
Nonprofit organizations
________ occasionally provide public services, which they fund with donations and other financial resources.
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4
nonexclusive goods
Products are categorized as rival or nonrival across the top, while exclusive or ________ are classed along the left margin.
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5
Television transmissions
________ are unparalleled in terms of usage.
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6
Nonprofit organizations
________ occasionally provide public benefits, which they support through donations and other forms of money.
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