a. A public good is just a good that provides large external benefits. Discuss. b. A tragedy
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a. “A public good is just a good that provides large external benefits.” Discuss.
b. “A tragedy of the commons occurs when using a good causes massive external costs.”
Discuss. In parts a and
b, compare the definitions from Chapter 10 with those from this chapter.
skyscraper that lights up each night thanks to more than 4,000 LED devices—a pricey but purely cosmetic feature.
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