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Economics glossary · When markets fail

Quasi-public good

What quasi-public good means in economics, as one of two tests for a public good, and two ideas built on them, with an example and a question to test yourself.

Definition
Quasi-public good
A quasi-public good has only some of the characteristics of a public good, because one of the two tests fails or holds only part of the time.
Example

Can you think of an example of quasi-public good?

Test yourself

Can you name the two tests of a public good, and the two ideas built on them?

Learn it properly: the module

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