Rival and excludable goods

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Keep going! Check out the next lesson and practice what you’re learning: https://www.khanacademy.org/economics-finance-domain/ap-microeconomics/ap-consumer-producer-surplus/public-and-private-goods/e/public-and-private-goods The difference between private goods, public goods, artificially scarce goods (a.k.a. club goods) and common resources. How these are different based on whether they are rival or excludable goods.

Published 2019-04-18 · Watch on YouTube ↗
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