29 Oct 2021
Problem 7
Page 314
Section SELF: CHECK QUESTIONS
Chapter 13: Positive Externalities and Public Goods
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29 Oct 2021
Introduction
Public goods are goods that are accessible to the whole public and serve the citizens. Such items are made publicly available via governmental taxes and therefore are free to use. Non-excludable products are public goods that cannot be prohibited or restricted to a specific group of people.
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