What you will learn

• Understanding Free Rider Problem: Develop knowledge of the free rider problem and its implications on goods and services in an economy.

• Excludability and Rivalry: Learn how to classify a good based on its excludability and rivalry attributes.

• Public Goods: Delve into the challenges associated with the provision of public goods and comprehend the reasons behind these difficulties.

• Market Externalities: Identify different market externalities & recognize why markets typically struggle to address these externality issues