Step 1: Analyze the following public goods and services. For each of the following public goods, analyze the external benefits to society and their efficient delivery: Firefighting service; U.S. Route 66; Public education.
Step 2: How do the people in charge of each of these services come to the decisions that provide an efficient quantity of each public good or service? What are the external benefits that each public good or service provides? Are there other public goods or services that you believe have external benefits but fall victim to the free-rider problem?
Step 3: Use your analysis to answer questions. In a two-page (500-word) document, address the following questions using the information you have gathered from your analysis in.
Step 1: Analyze the following public goods and services. For each of the following public goods, analyze the external benefits to society and their efficient delivery: Firefighting service; U.S. Route 66; Public education.
Step 2: How do the people in charge of each of these services come to the decisions that provide an efficient quantity of each public good or service? What are the external benefits that each public good or service provides? Are there other public goods or services that you believe have external benefits but fall victim to the free-rider problem?
Step 3: Use your analysis to answer questions. In a two-page (500-word) document, address the following questions using the information you have gathered from your analysis in.
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