Public vs Private Goods. Use the nonrival concept to classify each of the following goods and services as public goods or private goods. Also indicate whether or not the good or service in question can be characterized by the nonexclusion concept. Explain.
A. Police protection.
B. Public libraries
C. State and local lotteries.
D. Long-distance phone service.
E. Yellowstone National Park.

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The Answer of Public vs Private Goods. Use the nonrival concept to classify each of the following goods and services as public goods or private goods. Also indicate whether or not the good or service in question can be characterized by the nonexclusion concept. Explain.
A. Police protection.
B. Public libraries
C. State and local lotteries.
D. Long-distance phone service.
E. Yellowstone National Park.

Public Vs Private Goods