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Its a public good.

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13y ago

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Which is not a reason for the government to provide a good or service as a public good?

Having more consumers would increase a private providers cost.


Another word for to seize private property in order to use its profit and resourced for the public good?

Nationalize


Can private markets provide public goods?

Private markets can provide public goods when it becomes commercially beneficial for them to do so. Look at defence for an example. This area of government responsibility is increasingly being undertaken by the private sector. The requirements of something being classified as being a public good does not include it being a loss-making enterprise.


What kind of good is it. A treadmill in a fitness room that open to the public - private good - common resource - public good - monopolies natural?

It is a common resource.A good that is rival in consumption and nonexcludable is a common source. Since it is open to the public is rival in consumption since two people cannot use the bike at the same time. BUT, it is nonexcudable, since anyone is free to use the fitness room.


What is the best example of a public good, and why is it considered as such?

One of the best examples of a public good is national defense. National defense is considered a public good because it is non-excludable, meaning that everyone benefits from it regardless of whether they contribute to its funding. Additionally, it is non-rivalrous, meaning that one person's consumption of national defense does not diminish its availability for others. This makes it difficult for private markets to provide national defense efficiently, leading to government provision of this public good.

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