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QUESTION 5 Public goods are characterised by nonexclusively and non-rivalry in consumption. Discuss the conditions that it can be provided optimally. [15 Marks] QUESTION

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QUESTION 5 Public goods are characterised by nonexclusively and non-rivalry in consumption. Discuss the conditions that it can be provided optimally. [15 Marks] QUESTION 6 a) Discuss the concept of quantity leadership in oligopolistic markets. [4 Marks] b) Explain the type of price discrimination envisaged in a monopoly.

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QUESTION 5 Public goods are goods that are nonexcludable and nonrivalrous in consumption Nonexcludable means that it is impossible to exclude individuals from using the good and nonrivalrous means tha... blur-text-image

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