A Deeper Look at Public Goods
Published : 26-06-2015 - Duration : 00:07:56 - Like : 1,069
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Description: What do we mean by “nonexcludable” and “nonrival” when talking about public goods? Public goods challenge markets because it’s difficult to charge non-payers and it’s inefficient to exclude anyone — so, how do we produce them? Public goods provide an argument for taxation and government provision. But how do we know which...
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