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1. 4 THE ECONOMICS OF THE PUBLIC SECTOR 2. 10 Externalities 3. Recall:Adam Smith’s “invisible hand” of the marketplace leads self-interested buyers and sellers in a…

Documents 4 THE ECONOMICS OF THE PUBLIC SECTOR. Copyright©2004 South-Western 10 Externalities.

Slide 14 THE ECONOMICS OF THE PUBLIC SECTOR Slide 2 Copyright©2004 South-Western 10 Externalities Slide 3 Copyright © 2004 South-Western Recall: Adam Smith’s “invisible…

Education Externalities

1. 4 THE ECONOMICS OF THE PUBLIC SECTOR 2. Copyright©2004 South-Western 1010Externalities 3. Copyright © 2004 South-Western • Recall: Adam Smith’s “invisible hand”…

Documents Principles of Microeconomics, Prof. Maclachlan, Spring 2006 1 Externalities, Public Goods and Common...

Slide 1 Principles of Microeconomics, Prof. Maclachlan, Spring 2006 1 Externalities, Public Goods and Common Resources Chapters 10, 11 Slide 2 Principles of Microeconomics,…