What is a public good and why are public goods considered a market failure?

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Introduction To Environmental Economics

ISBN: 9780199568734

2nd Edition

Authors: Nick Hanley, Jason Shogren, Ben White

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Question Posted: Feb 15, 2024 07:00 AM

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What is a public good and why are public goods considered a market failure?

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A public good refers to a commodity or service that is provided without profit to all members of a s...View the full answer

Introduction To Environmental Economics

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