I NEED A GOOD AND LONG EXPLANATION WITH A.P.A CITATION AND REFERENCES.

REFERENCES: Parkin, M. & Loria, E. (2010). Microeconomics (Ninth ed). ISBN: 9786074429664

Welcome to the discussion of week 3.

Providing Public Goods and Economic Efficiency After reading what public goods and common resources are in your textbook, answer the following:

(a) Describe some of the items included in United States national security and explain whether they are public or private property.

(b) Why could national security supply exceed the efficient level?

(c) I mentioned some reason why the national security supply might be lower than the efficient level.

Attention: This week's theme aims to give you the opportunity to explore the impact of government intervention on markets. At this week's forum you should demonstrate understanding of the following concepts: market failures, public goods or services, common resources and economic efficiency.