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Question
- true or false when you play football in a public park you receive a free good because you do not pay to use the park.
Brief Explanations
A free good in economics is a good that is available in unlimited quantity and has zero opportunity cost (no one gives up anything to get it). However, when using a public park for football, the park is a public good, but it's not a free good in the strict economic sense because there are opportunity costs (e.g., the park could be used for other purposes, maintenance costs are incurred, etc.), and also, even if you don't pay directly, the park is funded through taxes or other means, so there is an implicit cost. So the statement is false.
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False