Question: KEY QUESTION What are the two characteristics of public goods? Explain the significance of each for public provision as opposed to private provision. What is

KEY QUESTION What are the two characteristics of public goods? Explain the significance of each for public provision as opposed to private provision. What is the free-rider problem as it relates to public goods? Is U.S. border patrol a public good or a private good? Why? How about satellite TV? Explain.

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