NEW
practice questions
NEW
cheatsheets
log in
start studying now
Practice Quizzes
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 tragedy of the commons?
The overconsumption and depletion of common resources due to individual self-interest.
The inability of individuals to access club goods.
The inefficiency of market allocation for private goods.
The overproduction of public goods by the government.
Study guides (1)
AP Microeconomics - 6.3 Public and Private Goods
Key terms
Tragedy of the commons
Guides
Glossary
Next
0
