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Education is sometimes claimed to convey external benefits and, therefore, to be underprovided by markets. As a result, some argue for at least the partial
Education is sometimes claimed to convey external benefits and, therefore, to be underprovided by markets. As a result, some argue for at least the partial public financing of education. Is it possible that some levels or some types of education convey external benefits while other levels or types do not? Explain.
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