Question

THIS IS AN ECONOMICS QUESTION

What are the two characteristics of public goods? Explain the significance of each for public provision as opposed to private provision of these goods. Using these ideas explain why the US Border patrol is supplied by the public sector while satellite TV is provided by the private sector.

Answer 1

Answer:

Key points. A public good has two key characteristics: it is nonexcludable and nonrivalrous. These characteristics make it difficult for market producers to sell the good to individual consumers. Nonexcludable means that it is costly or impossible for one user to exclude others from using a good.

Explanation: