Chapter 16 - Public Goods and Public Choice

Natural monopolies

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.

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.

Nonprofit organizations

occasionally provide public services, which they fund with donations and other financial resources.

nonexclusive goods

Products are categorized as rival or nonrival across the top, while exclusive or ________ are classed along the left margin.

Television transmissions

________ are unparalleled in terms of usage.

Nonprofit

________ organizations occasionally provide public benefits, which they support through donations and other forms of money.