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Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371 Exercise 21
If private individuals are the only producers of a pure public good, those individuals are likely to produce less of it than is socially desirable. This outcome is known as ______.
Explanation
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Public goods:
Public good refers to the...
Economic Analysis of Social Issues 1st Edition by Alan Grant
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