A. Explain how a radio signal (such as Energy 99.7) meets the definition of a pu

Question

A. Explain how a radio signal (such as Energy 99.7) meets the definition of a public good. Although this true, why do private companies own radio stations (again like Energy 99.7)? b. For the most part timber companies in Canada, harvest trees on publicly owned land. However, they also cut down trees on privately owned land. Discuss the likely efficiency of logging on each type of land in the absence of government regulation. How do you think the government should regulate logging on publicly owned lands? Should similar regulations apply to privately owned lands?

Explanation / Answer

First question is answered below

1.
Radio signals act like public goods because they are non rival and non excludable in nature.
One person listening to radio does not affect other person listening to it. Also, it is difficult to exclude one person from listening to radio because it is a free service.

Some private companies operate radio signals so as to make money through advertisements and nothing else. Rest of it makes it a public good only.

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