A coastal authority is funding the construction of a new sea defence barrier to protect a low-lying town from rising sea levels. The authority also operates a nearby toll-access pleasure pier, while local merchants sell individual sandbags to homeowners to protect their own properties.
Which of the following correctly classifies these three goods?
Sea Defence: Public good; Toll-Access Pier: Club good; Individual Sandbags: Private good
Sea Defence: Public good; Toll-Access Pier: Public good; Individual Sandbags: Club good
Sea Defence: Private good; Toll-Access Pier: Club good; Individual Sandbags: Public good
Sea Defence: Club good; Toll-Access Pier: Private good; Individual Sandbags: Private good
