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Public and Private Goods Practice Test
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Q1
A neighborhood has a small public park with a limited number of picnic tables. The park is open to everyone without a fee, but on busy weekends the tables become scarce and additional visitors make it harder for others to find a table. Based on the characteristics described, which type of good is use of the picnic tables in the park?
A neighborhood has a small public park with a limited number of picnic tables. The park is open to everyone without a fee, but on busy weekends the tables become scarce and additional visitors make it harder for others to find a table. Based on the characteristics described, which type of good is use of the picnic tables in the park?