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QUESTION

Define Public Goods and give several examples Why will markets fail to provide the optimal level of Public Goods (2) ?

Define Public Goods and give several examples

Why will markets fail to provide the optimal level of Public Goods (2) ?  

Compare and contrast 1) public provision (government), 2) private provision (clubs), and 3) the private for profit (business) provision as methods of producing, paying, and distributing public goods (6).

Define

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