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Although the marginal cost of producing a pure public good is always positive, some consumers can enjoy the benefits of pure public goods at zero
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The apparent paradox arises due to the nature of pure public goods and their nonexcludability feature A pure public good is characterized by two key a...Get Instant Access to Expert-Tailored Solutions
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Get StartedRecommended Textbook for
Economics
Authors: R. Glenn Hubbard
6th edition
978-0134797731, 134797736, 978-0134106243
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