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. Lighthouse signals.
B. Small pox vaccinations.
C. Criminal justice system.
D. Local phone service.
E. The Simpsons television program provided on "free" TV.

Question

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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. Lighthouse signals.
B. Small pox vaccinations.
C. Criminal justice system.
D. Local phone service.
E. The Simpsons television program provided on "free" TV.

Public Vs Private Goods