Q B.4.4.5 Discussion - Public Goods - Group C 2 From ECON-102-OMH-CRN55774 The Positive Externality of Public Goods B.4.2.5 Advanced Explanation- Public Goods Watch the two videos below, A Deeper Look at Public Goods and Public Goods and Asteroid Defense. What is the level of Public Goods that should be produced by the government? The increased supply of the good ADD a positive externality to the market, increasing total welfare! Remember, Public Goods suffer from the Free Rider Problem so it is up to the government to decide which goods to produce In San Francisco in 2013, the high pressure fire hose system was able to extinguish an out of control fire. The High Pressure Systems are and expensive Public Good. All of San Francisco does NOT enjoy this type of pumping system. Should San Francisco (and other cities) be required to install this Public Good across the city? Discussion Question: Watch the Japan Tsunami 2011. A Tsunami Siren is a Public Good, even if it does not prevent a disaster, it helps to save lives. Too what extent (How Good? How much money?) should the government provide these public goods? Discussion Question Requirements: Each student is required to post a 150 word response to the question. The student then must post at least a 50 word response to at lease ONE other student post. Post-=4 points. Comment = 2 Points Submit Original Post by the Due Date. Comments are open for four (4) days after the Due Date or until the Available Until Date