What is meant by externalities and public goods? How does a market economy address externalities and public

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What is meant by externalities and public goods? How does a market economy address externalities and public goods? What role, if any, should government have in addressing externalities and public goods?

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Canadian Business & the Law

ISBN: 978-0176501624

4th edition

Authors: Dorothy DuPlessis, Shannnon o'Byrne, Steven Enman, Sally Gunz

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Posted Date: Apr 01, 2024 02:23 AM

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What is meant by externalities and public goods? How does a market economy address externalities and public

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Externalities are the costs or benefits that are incurred by individuals or groups who are not directly involved in a market transaction They are the spillover effects that impact third parties who ar... View the full answer

Canadian Business & the Law

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