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Author Question: When it comes to public goods, it is important to remember (Read 39 times)

TFauchery

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on: Apr 19, 2019

Question 1

Once a public good is produced, everyone


◦ can consume a different amount depending on their willingness to buy the good.
◦ consumes the same amount and everyone's willingness to pay is the same.
◦ consumes the same amount, but the willingness to pay will be different for different individuals.
◦ can consume a different amount and pay different prices for the product.

Question 2

When it comes to public goods, it is important to remember


◦ that government intervention necessarily solves the market failure.
◦ only one level of output can be realized, and consumers are willing to pay different amounts for that level.
◦ the free rider problem is difficult to overcome, but the drop-in-the-bucket problem is not.
◦ all goods provided by the government are public goods.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by TFauchery on Apr 19, 2019

mceravolo

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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TFauchery

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

emsimon14

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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