English, 30.06.2019 14:30 rendaescamilla

The market tends to underproduce public goods because a) public goods tend to have very few benefits. b) public goods always have external costs (negative externalities). c) joint consumption allows those who do not pay for the good to still benefit from the good. d) the consumption of a public good by one persons prevents its consumption by another person.

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The market tends to underproduce public goods because a) public goods tend to have very few benefits...