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1. What are public goods, and what qualities do they possess?

2. What is the problem with public goods?

3. What is the remedy to make sure that public goods are produced in proper quantities?

3. What are common resources?

4. What is the main problem with common resources?

5. What are the possible remedies to make sure that common resources are produced/used in the appropriate quantity?

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"You didn't build that!" Mr. Clifford expalins the characteristics of public goods and the free rider problem

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In this video, we take a look at common goods. Common resources are nonexcludable but rival. For instance, no one can be excluded from fishing for tuna, but they are rival - for every tuna caught, there is one less for everyone else.

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Tragedy of the Commons │ The Problem with Open Access

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The semantics of the model I'm working from use common goods/common property/ common pool resources (resources used by multiple people) and common property regimes (the institutions or social arrangements between people, the property rights regarding common pool resources). We were taught that "the commons" is sort of an old term.

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