Why will private markets produce an inefficient output of a public good? Explain how the efficient level

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Why will private markets produce an inefficient output of a public good? Explain how the efficient level of a public good is determined.

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Microeconomics Theory and Applications

ISBN: 978-1118758878

12th edition

Authors: Edgar K. Browning, Mark A. Zupan

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Question Posted: Nov 14, 2014 08:30 AM

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Why will private markets produce an inefficient output of a public good? Explain how the efficient level

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If someone can receive the benefits of the good once it is produced be...View the full answer

Microeconomics Theory and Applications

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