Question
1.(a) In terms of rivalry, how does a public good differ from a private good? (b) In talking about private and public goods, what is
1.(a) In terms of rivalry, how does a "public good" differ from a "private good"?
(b) In talking about private and public goods, what is meant by "exclusivity"?
(c) In the case of a product creating a negative externality, with the product's supply curve reflecting private costs be to the left or right of the supply curve reflecting social costs?
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Experimental Econophysics Properties And Mechanisms Of Laboratory Markets
Authors: Ji Ping Huang
1st Edition
3662442345, 9783662442340
