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Microeconomics 14th Edition by James Gwartney ,Richard Stroup,Russell Sobel ,David Macpherson
Edition 14ISBN: 978-1305506893Microeconomics 14th Edition by James Gwartney ,Richard Stroup,Russell Sobel ,David Macpherson
Edition 14ISBN: 978-1305506893 Exercise 8
* Which of the following are public goods? Explain, using the definition of a public good.
a. an antimissile system surrounding Washington, D.C.
b. a fire department
c. tennis courts
d. Yellowstone National Park
e. elementary schools
a. an antimissile system surrounding Washington, D.C.
b. a fire department
c. tennis courts
d. Yellowstone National Park
e. elementary schools
Explanation
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Any item, whose consumption is decided b...
Microeconomics 14th Edition by James Gwartney ,Richard Stroup,Russell Sobel ,David Macpherson
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