Mankiw Chapter 11 question 2   Are the externalities associated with public goods generally positive or negative? Use examples in your answer. Is the free market quantitiy of public goods generally greater or less than efficient quantity?

Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter11: Public Goods And Common Resources
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Mankiw Chapter 11 question 2

 

Are the externalities associated with public goods generally positive or negative? Use examples in your answer. Is the free market quantitiy of public goods generally greater or less than efficient quantity?

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