Problem
1. List the public-good aspects (if any) of the following goods: safety, street names, and a steak dinner.
2. Why are both nonexcludability and nonrivalry important elements of public goods?
3. Why are voluntary contributions to provide for public goods such as city parks unlikely to lead to an efficient quantity of parks in a city?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.