Some goods can be classified as either public goods or private goods depending on the circumstances.

Name: Some goods can be classified as either public goods or private goods depending on the circumstances.
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Question

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Some goods can be classified as either public or private goods depending on factors like excludability and rivalry in consumption. For example, a park can be a public good when it's open and free to all, but it can become a private good if an entry fee is charged and access is restricted.

Some Goods Can Be Classified as Either Public Goods or Private