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Microeconomics 13th Edition by Russell Sobel, David Macpherson, Richard Stroup, James Gwartney
Edition 13ISBN: 978-0538452281Microeconomics 13th Edition by Russell Sobel, David Macpherson, Richard Stroup, James Gwartney
Edition 13ISBN: 978-0538452281 Exercise 4
* 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 13th Edition by Russell Sobel, David Macpherson, Richard Stroup, James Gwartney
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