Public goods have the following characteristics Orivaled Oexcludable Onon-excludable Olow social value which causes the following issues for producers Ofree riding Ohigh regulatory burden Onegative externalities Oprivate benefits
Public goods have the following characteristics Orivaled Oexcludable Onon-excludable Olow social value which causes the following issues for producers Ofree riding Ohigh regulatory burden Onegative externalities Oprivate benefits
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Public goods have the following characteristics
Orivaled
Oexcludable
Onon-excludable
Olow social value
which causes the following issues for producers
Ofree riding
Ohigh regulatory burden
Onegative externalities
Oprivate benefits
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