Why are voluntary contributions to provide for public goods such as city parks unlikely to lead to

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Why are voluntary contributions to provide for public goods such as city parks unlikely to lead to an efficient quantity of parks in a city?

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Microeconomics

ISBN: 9781260507140

11th Edition

Authors: David Colander

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Question Posted: Mar 14, 2024 04:01 AM

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Why are voluntary contributions to provide for public goods such as city parks unlikely to lead to

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Inefficient Provision of Public Goods Public goods such as city parks are characterized by two key features nonexcludability and nonrivalry Nonexcluda...View the full answer

Microeconomics

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