Question: 1- Public Goods / Common Resources Are the externalities associated with public goods generally positive or negative? Is the free-market quantity of public goods generally

1- Public Goods / Common Resources

Are the externalities associated with public goods generally positive or negative? Is the free-market quantity of public goods generally greater or less than the socially efficient quantity? Cite examples in your answer.

Are the externalities associated with common resources generally positive or negative? Is the free-market use of common resources generally greater or less than the socially efficient use?

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