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Author Question: Public goods represent a market failure because (Read 26 times)

Awilson837

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on: Apr 19, 2019

Question 1

Public goods are


◦ rival in consumption, and their benefits are excludable.
◦ nonrival in consumption, and their benefits are excludable.
◦ nonrival in consumption, and their benefits are nonexcludable.
◦ rival in consumption, and their benefits are nonexcludable.

Question 2

Public goods represent a market failure because


◦ they are provided by firms with market power.
◦ positive externalities are created through their production.
◦ by their very nature they are nonexcludable and nonrival, which makes it difficult for the private sector to supply them profitably.
◦ there is incomplete information regarding their quality.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Awilson837 on Apr 19, 2019

Eazy416

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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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Awilson837

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Reply #2 on: Apr 19, 2019
TY


Eazy416

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Reply #3 on: Apr 19, 2019
You're welcome


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