3 , Public goods are troublesome for the market to handle because nonpayingindividual receives is largely unaffected

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3 , Public goods are troublesome for the market to handle because nonpayingindividual receives is largely unaffected by whether he helps pay for it, most individuals will contribute little. Thus, the market will tend to undersupply public goods.

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Macroeconomics Private And Public Choice

ISBN: 9780123110701

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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