adrienne
@adrienne
two characteristics of public goods: nonexcludable- impossible to exclude someone from using it nonrivalrous—when one person uses it, another can also use it https://www.khanacademy.org/economics-finance-domain/microeconomics/market-failure-and-the-role-of-government/externalities-topic/a/public-goods-cnx
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KMac🍌 ⏩
@kmacb.eth
Yes & followed by Free rider problem - Not everybody who benefits from a public good contributes to its creation or maintenance. https://www.khanacademy.org/economics-finance-domain/microeconomics/market-failure-and-the-role-of-government/externalities-topic/a/the-role-of-government-in-paying-for-public-goods
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