Define public ‘goods’ and public ‘bads’.

Question

Xaibi Aslam · Accepted Answer

Public goods are those in which unrestrained market competition is not effective (i.e. hospitals). Public bads are the result unrestrained market competition (i.e. pollution)

Xaibi Aslam · Answer

Public goods are those goods that are free for the public. Public bads are those that are extremely expensive

Xaibi Aslam · Answer

Public goods are positive intangible sentiments widespread in the public (i.e. happiness, pride, nationalism). Public bads are negative attributes that are widespread in the public (i.e. violence, crime)

Xaibi Aslam · Answer

All of the above

Question #64144