Question: Explain the difference between purely private and public goods and how it applies to environmental problems faced by developing countries. What are the implications of

Explain the difference between purely private and public goods and how it applies to environmental problems faced by developing countries. What are the implications of the free-rider problem for allocation of a public good?

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The core difference between purely private and public goods lies in two main features exclusion and rivalry Private goods are both excludable and riva... View full answer

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