Slide 11 Chapter 4 - Public Goods Public Economics Slide 2 2 Public Goods Defined Pure public goods share two characteristics –Nonrival – Cost of another person consuming…

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uJ- fec J..,..r fh'5'IIJ-"2- FOCUS QUESTIONS 1 What are the principal reasons why markets fail to produce efficient outcomes? 2 Wha~ role does government play…

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