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f a good is a PUBLIC GOOD, economic theory predicts the free market will: Choice 1 of 4:produce the efficient quantity Choice 2 of 4:under-produce
f a good is a PUBLIC GOOD, economic theory predicts the free market will: Choice 1 of 4:produce the efficient quantity Choice 2 of 4:under-produce the good Choice 3 of 4:over-produce the good Choice 4 of 4:not produce it at all
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Principles of economics
Authors: N. Gregory Mankiw
6th Edition
978-0538453059, 9781435462120, 538453052, 1435462122, 978-0538453042
