Provide an example of a public good and briefly describe how the good is both nonexcludable and
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Provide an example of a public good and briefly describe how the good is both nonexcludable and nonrival. Will the market provide too much or too little of a public good? Why? Should the government fund and/or provide the public good? Could the community provide for the public good in some way besides directly through government?
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An example of a public good is national defense It is nonexcludable because individuals cannot ...View the full answer
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