Clubs are a means of providing congestible public goods through markets.

Question

Quizplus · Accepted Answer

Clubs are a form of private organization that enables individuals to pool their resources to provide themselves with certain goods or services that would not be feasible for them to obtain individually. These goods or services are typically non-rivalrous but are congestible, meaning that the amount of benefit derived from them decreases as more people use them. Clubs can offer these congestible public goods through market mechanisms, such as by charging membership fees or entrance fees, which allows for efficient provision and allocation of the goods.

Clubs Are a Means of Providing Congestible Public Goods Through