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    Survey of Economics Principles
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    Exam 9: Imperfect Information, External Benefits, and External Costs
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    Suppose That Your Local Government Provides Drinking Water and Charges
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Suppose That Your Local Government Provides Drinking Water and Charges

Question 168

Question 168

Essay

Suppose that your local government provides drinking water and charges a 10 cent per gallon fee. Explain whether or not the drinking water is a public good.

Correct Answer:

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A good is defined as a public good when ...

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