7 People have a demand for sweaters, and the market provides sweaters. There is evidence that people

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7 People have a demand for sweaters, and the market provides sweaters. There is evidence that people also have a demand for national defense, but the market does not provide national defense. Why doesn’t the market provide national defense? Is it because government is providing national defense, and therefore there is no need for the market to do so? Or is it because the market can’t provide national defense?

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Microeconomics

ISBN: 9780324785494

9th Edition

Authors: Roger A. Arnold

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