What are the two main attributes that distinguish public goods from private goods? What conditions must hold

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What are the two main attributes that distinguish public goods from private goods? What conditions must hold for optimal allocation of public goods?

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Economics An Introduction To Traditional And Progressive Views

ISBN: 9780765616685

7th Edition

Authors: Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, Barbara A. Wiens-Tuers

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Question Posted: Nov 10, 2023 10:10 PM

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What are the two main attributes that distinguish public goods from private goods? What conditions must hold

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Public goods and private goods are distinguished by two main attributes excludability and rivalry Excludability Public Goods Public goods are nonexclu...View the full answer

Economics An Introduction To Traditional And Progressive Views

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