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AP Microeconomics
Unit 6 – Market Failure and the Role of Government
Topic 6.3
What is the main difference between a public good and a common resource?
Public goods are non-profitable, while common resources are profit-oriented.
Public goods are non-excludable, while common resources are excludable.
Public goods are non-rivalrous, while common resources are rivalrous.
Public goods are provided by the government, while common resources are privately owned.
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AP Microeconomics - 6.3 Public and Private Goods
Key terms
Public Good
Common resource
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About Us
About Fiveable
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Careers
Testimonials
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Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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