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    Macroeconomics Study Set 43
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    Exam 4: A: - Market Failures: Public Goods and Externalities
  5. Question
    Explain the Difference Between a Public and Private Good
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Explain the Difference Between a Public and Private Good

Question 16

Question 16

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Explain the difference between a public and private good.Describe the rationale behind supply and demand analysis for public goods.

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A public good is one, which is not subje...

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