Explain why musician tip jar is never very full

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Reference no: EM131922888

Problem

1. Suppose a popular band decides to hold a free concert in its hometown. Admission is available on a first-come, first-served basis. Is the concert a public good?

2. A talented musician plays for tips on the street, but never seems to make very much money. Explain why his tip jar is never very full.

Reference no: EM131922888

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