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Its easy to determine how many private goods to make based on Price and Quantity. But what happens when no price to determine how much
Its easy to determine how many private goods to make based on Price and Quantity. But what happens when no price to determine how much to make like in public goods (free goods). 1. Since private goods wont provide public goods, the government has to. How does the government decide how much to produce of a public good? Please explain. 2. Explain the tragedy of commons and ways to correct it. Name at least 2
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