Think of an example of a Public Good. What are the costs of providing the good? What are the benefits? Is there another way to have the good provided? Did this chapter cause you to think of public goods differently? In what way?
Before reading the chapter, I didn't know what a public good is. An example of a public good would be the radio. Radio programs must spend money to produce them, but that does not effect the people that tune in. The stuff heard on the radio by on person is also available to everyone else. There is no other way this good is provided.
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