Question: 2 a. Explain the difference between public production and a public good. b. Is it possible for a good to be publicly provided and privately

2 a. Explain the difference between public production and a public good.

b. Is it possible for a good to be publicly provided and privately produced?

True or false and briefly explain

c. The MC of producing a public good is zero since additional consumers can enjoy the public good at zero MC.

d. Efficient provision of a public good requires that each member of society place the same value on the last unit

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