1) What are public goods and what is their provision 2) What are externalities and what are its regulations To make yourself clear, you must describe the concept and provide examples.

Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter5: Difficult Cases For The Market And The Role Of Government
Section: Chapter Questions
Problem 5CQ
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Summarize each of them using appropriate graphs,
1) What are public goods and what is their provision
2) What are externalities and what are its regulations
To make yourself clear, you must describe the concept
and provide examples.
Transcribed Image Text:Summarize each of them using appropriate graphs, 1) What are public goods and what is their provision 2) What are externalities and what are its regulations To make yourself clear, you must describe the concept and provide examples.
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