Public Goods and the Free-Rider Problem
Students will define public goods, understand their characteristics, and analyze the free-rider problem and its implications.
Key Questions
- Explain why markets fail to efficiently provide pure public goods.
- Analyze how the free-rider problem prevents individuals from voluntarily contributing to public goods.
- Justify the role of government in providing public goods like national defense or street lighting.
Ontario Curriculum Expectations
Suggested Methodologies
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