What is a public good? Is it necessary for government to provide a public good? Apply your

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What is a public good? Is it necessary for government to provide a public good? Apply your answer to national defense. Apply your answer to a lighthouse. Could either be privatized?

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Managerial Economics Markets and the Firm

ISBN: 978-0618988624

2nd edition

Authors: William Boyes

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Question Posted: Sep 27, 2014 06:11 AM

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What is a public good? Is it necessary for government to provide a public good? Apply your

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A public good has the characteristics of nonexcludability and nonrivalry So n...View the full answer

Managerial Economics Markets and the Firm

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