Section 1.2: Types of Goods in AP Microeconomics
These notes helped me get a 97% average in the course and provides a great explanation of different types of goods in microeconomics and how individuals interact with them. Specifically, the notes cover (1) common-pool resources, (2) tragedy of the commons, (3) common property, (4) exclusion and non-exclusive goods, (5) public and rival goods, (6) and toll goods.
Written for
- Institution
- AP Microeconomics
- Course
- AP Microeconomics
Document information
- Uploaded on
- March 16, 2022
- Number of pages
- 4
- Written in
- 2020/2021
- Type
- Class notes
- Professor(s)
- -
- Contains
- Unit 01: basics of microeconomics
Also available in package deal