What are the distinguishing characteristics of public goods? Give two examples of a public good. Why are

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What are the distinguishing characteristics of “public goods”? Give two examples of a public good. Why are public goods difficult for markets to allocate efficiently?

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Macroeconomics Private And Public Choice

ISBN: 9780357134009

17th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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Question Posted: Oct 06, 2023 05:11 AM

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What are the distinguishing characteristics of public goods? Give two examples of a public good. Why are

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Public goods are a category of goods in economics that possess specific distinguishing characteristics NonExcludability Public goods are nonexcludable ...View the full answer

Macroeconomics Private And Public Choice

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