Chapter 13: Problem 8
Are the following goods non-rival in consumption? a. slice of pizza b. laptop computer c. public radio d. ice cream cone
Chapter 13: Problem 8
Are the following goods non-rival in consumption? a. slice of pizza b. laptop computer c. public radio d. ice cream cone
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Get started for freeRadio stations, tornado sirens, light houses, and street lights are all public goods in that all are nonrivalrous and nonexclusionary. Therefore why does the government provide tornado sirens, street lights and light houses but not radio stations (other than PBS stations)?
In what ways do company investments in research and development create positive externalities?
Can a company be guaranteed all of the social benefits of a new invention? Why or why not?
Will the demand for borrowing and investing in \(\mathrm{R} \& \mathrm{D}\) be higher or lower if there are no external benefits?
When residents in a neighborhood tidy it and keep it neat, there are a number of positive spillovers: higher property values, less crime, happier residents. What types of government policies can encourage neighborhoods to clean up?
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