Question: a. A public good is just a good that provides large positive externalities. Discuss. b. A tragedy of the commons occurs when using a good

a. “A public good is just a good that provides large positive externalities.” Discuss.
b. “A tragedy of the commons occurs when using a good causes massive negative externalities.” Discuss. In parts a and b, compare the definitions from Chapter 10 with those from this chapter.

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a This is roughly true A positive externality is a benefit that cant easily be excluded and that ext... View full answer

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