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Suppose Patty Has a House in a Good Neighborhood in Philadelphia.She

Question 21

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Suppose Patty has a house in a good neighborhood in Philadelphia.She decides to have the exterior of her house painted and the windows replaced.After the work is completed,her house has appreciated in value and has also helped her neighbors' houses to go up in value.This is an example of a


A) public good with external benefits.
B) private good with external benefits.
C) public good without external benefits.
D) private good without external benefits.

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