Public Goods and Free Riders- Micro 6.1

Mr. Clifford introduces public goods, discussing a political statement by President Obama and its implications. He explains the characteristics of public goods, such as non-exclusion and shared consumption, and why the free market doesn't produce them due to the free-rider problem. The video highlights the balance between government and free-market roles in providing public goods.

What new insight or understanding did you gain from this video?