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The following are pertaining Public Economics topics. Please answer accordingly and in detail 1 ) What do we man by rivalry of a good? Give

The following are pertaining Public Economics topics. Please answer accordingly and in detail

1 ) What do we man by rivalry of a good? Give examples of rival and non-rival goods. To what extent is rivalry a crucial aspect of a public good?

(2) Give examples of positive and negative production and consumption externalities. (so you need to give 4 examples in total)

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