Pure public goods have the characteristics of
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1 mark, −0.33MicroeconomicsMarket failure, externalities and public goodsPublic goods and the classification of goodsEasyabout 1 min
UoH 2019 Question 49: Market failure, externalities and public goods
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Market failure, externalities and public goods has come up 114 times in 7 exams since 2006.
What this question tests
This question is on Public goods and the classification of goods, part of Market failure, externalities and public goods in Microeconomics.
Goods that are non-rival and non-excludable, and the condition for providing them efficiently.
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