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ECO102H1 (155)
Jack Carr (32)
Lecture 35

Lecture 35-Review

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Department
Economics
Course
ECO102H1
Professor
Jack Carr
Semester
Winter

Description
Thursday, March 4 , 2010. Review Applications 1. ,7N09,LO:70#0;L8L90 1) Pure Public Goods Non-Excludable Non-Rival 2) Externalities Caveat: Coase Theorem Public Good 1. Is good excludable? Is good rival in consumption? 2. No (to both) => public good Example: street lighting (ie. .,398945,500897L,31742-0301L9L3J1742L90;03L1K0she did not contribute to this good, and 9K070834rivalrycompetition) 3. Private markets will not pr
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