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AP Microeconomics
Unit 6 – Market Failure and the Role of Government
Topic 6.3
Unit 6 – Market Failure and the Role of Government
6.3 Public and Private Goods
mixed difficulty
What is the main difference between a public good and a common resource?
Public goods are non-profitable, while common resources are profit-oriented.
Public goods are provided by the government, while common resources are privately owned.
Public goods are non-rivalrous, while common resources are rivalrous.
Public goods are non-excludable, while common resources are excludable.
Study guides (1)
AP Microeconomics - 6.3 Public and Private Goods
Key terms
Public Good
Common resource
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