Both public goods and conunon resoura,s involveexternalities.a. Arc the exten,alities associa ted with public goodsgenerally positive or negative? Use examples in}•our answer. Is the free-market quan tity of public goods generally grcater or less than the efficientquantity?b. Are the externalities associated with commonresources gcnerall}• positive or negative? Useexamples in your answer. fs the frce-market use olcommon rcsoura,s generally greater or less thanthe efficient use?

Q: e the nature of t

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