A public good benefits everyone and no one can be excluded from its benefits. National defense is

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A public good benefits everyone and no one can be excluded from its benefits. National defense is an example. It is in everyone’s self-interest to avoid paying for a public good (called the free-rider problem), which leads to its underproduction.

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Nov 11, 2024 01:00 AM

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A public good benefits everyone and no one can be excluded from its benefits. National defense is

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Foundations Of Microeconomics

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