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Write the equation of a polynomial function with the given characteristics. Use a leading coefficient of 1 or -1 and make
the degree of the function as small as possible.
-Touches the -axis at 0 and crosses the -axis at 3 ; lies below the -axis between 0 and 3 .
Nonexcludable
A characteristic of public goods where it is not feasible to exclude individuals from using the good, leading to potential free-rider problems.
Common Resource
A resource, like air or water, that is accessible to all members of a society but subject to overuse and depletion.
Negative Externalities
Costs suffered by a third party due to an economic transaction they were not involved in.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning individuals cannot be effectively excluded from use and where use by one individual does not reduce availability to others.
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