Identify similarities and fiferences between common goods, public goods, private goods, and natural monopolies

Question

Identify similarities and fiferences between common goods, public goods, private goods, and natural monopolies. Provide an example of each type of good and justify your answers. Discuss possible positive or negative externalities associted with each example. How do the externalities affect the economy?

Answer 1

Similarities are - they all provide utility for someone, they all are produced by someone.