There is a small town with only wooden structures. The local leaders impose a property tax to fund a fire department because of persistent free riders refusing to pay for the non-profit firefighting service. What type of good best describes this fire department?
There is a small town with only wooden structures. The local leaders impose a property tax to fund a fire department because of persistent free riders refusing to pay for the non-profit firefighting service. What type of good best describes this fire department?
A. Public good
B. Private good
C. Survival good
D. Artificially scarce good
E. Common pool resource