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Economics 14th Edition by James Gwartney,Richard Stroup, Russell Sobel ,David Macpherson
Edition 14ISBN: 978-1133561644Economics 14th Edition by James Gwartney,Richard Stroup, Russell Sobel ,David Macpherson
Edition 14ISBN: 978-1133561644 Exercise 2
What are the distinguishing characteristics of "public goods"? Give two examples of a public good. Why are public goods difficult for markets to allocate efficiently?
Explanation
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Two types of goods are private goods and...
Economics 14th Edition by James Gwartney,Richard Stroup, Russell Sobel ,David Macpherson
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