XECO 212 Week 4 Market Structures Table and Questions

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XECO 212 Week 4 Market Structures Table and Questions
Complete the Market Structures Table and Questions in Appendix C.
Post your completed table and questions as an attachment.
Click the Assignment Files tab to submit your assignment.
Appendix C
Differentiating Between Market Structures Table and Questions
Fill in the matrix and describe differences in public and private goods, common resources, and natural monopolies. Use your book and the Tomlinson video tutorials as a tool to help you answer questions about market structures.





 
 


Example


Is there a rival in consumption?


Is it excludable?




Private Good


 


 


 




Public Good


 


 


 




Common Resource


 


 


 




Natural Monopoly


 


 


 





1.  What is the difference between a public good and a private good?
 
2. What is a common resource?
 
3. What is a natural monopoly?
 
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