For each of the listed goods, indicate whether they are rivalrous or non-rivalrous, excludeable or non-excludeable, if they are public goods, and if they are common property resources. Published product safety information Rivalrous? Non-rivalrous Excludeable? Non-excludeable Public Good? No Common-Property Resource? A seat on an airplane Rivalrous? Excludeable?

Which of the following is true?   Question 18 options:   A)  marginal private (or internal) costs = marginal social costs + marginal external costs   B)  marginal social costs = marginal private (or internal) costs – marginal external costs   C)  marginal external costs = marginal social costs + marginal private (or internal) costs   D)  marginal social costs = marginal private (or internal) costs + marginal external costs

Discuss the problem with common resource ownership-include a discussion about overfishing in the Atlantic Ocean off the coast of Maine.