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why do markets fail to provide public goods? public goods prevent negative externalities so the government must bear the cost public goods are nonexclusive, so
why do markets fail to provide public goods?
- public goods prevent negative externalities so the government must bear the cost
- public goods are nonexclusive, so firms cant charge money for them
- public goods provide positive externalities, so socially optimal production is higher than private production
- public goods are rival so the government must prevent unfair competition among firms providing them
**multiple choice
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