Search results with tag "Chapter 14 externalities"

CHAPTER 14 EXTERNALITIES, MARKET FAILURE, AND PUBLIC CHOICE

THE MICROECONOMICS OF PRODUCT MARKETS 273 Define and give examples of public goods. Distinguish between a pure public good and a near-public good. Describe the opposing views of public choice. Concept Check — See how you do on these multiple-choice questions. Externalities exist due to market failure.

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