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Author Question: Give an example of a public good. Explain what characteristics make this good a public good. What ... (Read 235 times)

Coya19@aol.com

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on: Jun 29, 2018
Give an example of a public good. Explain what characteristics make this good a public good.
 
  What will be an ideal response?

Question 2

Refer to Figure 4-3. What area represents producer surplus at the equilibrium price of P1?
 
  A) D + E B) D + E + G + H C) A + B + C + D + E D) A + B + D


reversalruiz

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Student responses will vary. The student should explain that the good is nonrival and nonexcludable.

Answer to Question 2

A


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