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Define the two types of externalities. Use a basic demand and supply diagram to illustrate the two types of externalities. 8. What are the two main characteristics of public goods

Define the two types of externalities.  Use a basic demand and supply   diagram to illustrate the two types of externalities.

8.         What are the two main characteristics of public goods?  Why is the “free rider            problem” a common phenomenon with the provision of public goods?

Apr 12 2021 View more View Less

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