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Economics of Social Issues 20th Edition by Ansel Sharp, Charles Register , Paul Grimes
Edition 20ISBN: 978-0073523248Economics of Social Issues 20th Edition by Ansel Sharp, Charles Register , Paul Grimes
Edition 20ISBN: 978-0073523248 Exercise 10
What are the characteristics of public goods? Explain why these goods cannot be supplied in the private marketplace. What criterion should the government use in determining the optimal quantity of public goods?
Explanation
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A public good is a type of good or servi...
Economics of Social Issues 20th Edition by Ansel Sharp, Charles Register , Paul Grimes
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