MICROECONOMICS
MICROECONOMICS
11th Edition
ISBN: 9781266686764
Author: Colander
Publisher: MCG
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Chapter 8, Problem 4IP
To determine

The failures that justify the provision of national parks.

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Students have asked these similar questions
Externalities Do you think that there would be external effects associated with Water from a uranium mine leaking into Kakadu National Park? If so, what would be the nature of the external effects? Can you think of policies that might deal with each external effect (that is, improve social wellbeing)?
why do externalities make market outcomes inefficient?
What is a public good? What are its two defining characteristics? Provide an example.

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MICROECONOMICS

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