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Providing a nonexcludable good to the public can benefit society by promoting equal access and improving overall welfare. However, challenges may arise in terms of funding and ensuring efficient allocation of resources.

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5mo ago

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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.


Define public goods?

Collective goods are also known as common goods, so it benefits all its members (The movie been on pay-per-view). Public goods benefits everyone except the people providing the benefit. (i.e. government providing military security for its citizens, but tax evaders free ride on this benefit)


What are examples for providing public services?

The government provides public services off of all taxes from different types of career areas


How does the establishment of new branches benefit both a bank and the public?

new branches benefit the bank by providing more locations that gets their business known and also by creating more customers that live that area, it also benefits the public by having a near by bank to safely store your valuables and income, or if you need a loan to pay a debt or make a purchase.


What is the difference between public goods and merit goods?

Merit goods provide benefits to society as a whole.Public goods also provide benefits to society as a whole. But a public good can serve a small number of people or a large number of people at exactly the same cost.Education would be a merit good - it benefits everyone.A lighthouse would be a public good - it benefits everyone, but costs the same to supply to one person as it does to supply to thousands of people. One person's consumption of a public good does not diminish the supply for someone else.

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Should public schools be open for 12 months a year?

Opening public schools for 12 months a year can have benefits in terms of academic retention and continuity, as well as providing more opportunities for students. However, it can also present challenges in terms of student and teacher burnout, as well as logistics and cost implications. Ultimately, careful consideration of the potential pros and cons would be necessary to make an informed decision.


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.


Define public goods?

Collective goods are also known as common goods, so it benefits all its members (The movie been on pay-per-view). Public goods benefits everyone except the people providing the benefit. (i.e. government providing military security for its citizens, but tax evaders free ride on this benefit)


What are the benefits of travel subscriptions and how can they enhance your travel experiences?

Travel subscriptions offer benefits such as discounted rates, exclusive deals, and personalized recommendations. They can enhance travel experiences by providing convenience, saving money, and offering unique opportunities that may not be available to the general public.


Challenges facing public service vehicles underwriting in Kenya?

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What goal of president trumans ''fair deal'' were met?

providing public housing for poorer {you're welcome :}


What the benefits of public caning?

Presumably deterrence.


What are the benefits of using hidden body cams in law enforcement operations?

The benefits of using hidden body cams in law enforcement operations include providing valuable evidence for investigations, increasing accountability and transparency, improving officer safety, and enhancing public trust in law enforcement.


Is there a federal law providing for public schools in America?

No.