What two characteristics define a public good? Which of the following are public goods: parks, police services,

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What two characteristics define a public good? Which of the following are public goods: parks, police services, welfare payments to the poor, production of energy, space exploration?

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Microeconomics Theory and Applications

ISBN: 978-1118758878

12th edition

Authors: Edgar K. Browning, Mark A. Zupan

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Question Posted: Nov 14, 2014 08:30 AM

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What two characteristics define a public good? Which of the following are public goods: parks, police services,

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A public good is characterized by nonrival consumption and nonexclusion The ...View the full answer

Microeconomics Theory and Applications

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