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Documents Chapter 16

1. Chapter 16Public Goods and Public Choices 2. Private Goods, Public Goods, and InBetween• Private Goods: Rival and exclusive– Pizza– Sodas– Shoes• Public Goods:…

Documents 1 Public Goods and Public Choice Chapter 16 © 2006 Thomson/South-Western.

Slide 1 1 Public Goods and Public Choice Chapter 16 © 2006 Thomson/South-Western Slide 2 2 Introduction  Private goods have two important features:  They are rival…