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You are required to choose a private good in the market (example buying Iphone) and explain how the chosen product (Iphone) fits into the private

You are required to choose a private good in the market (example buying Iphone) and explain how the chosen product (Iphone) fits into the private goods' characteristics.

2. Discuss the chosen private goods' (Iphone) market equilibrium using graphs.

3. Discuss the differences between private goods and public goods. Include 4 examples.

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