Answer
*Positive
*ex. national defense, knowledge
*free market quantity is 0, less than efficient market.
Work Step by Step
*benefit of good received by one person does not reduce benefit of the next person.
Principles of Microeconomics, 7th Edition
by Mankiw, N. Gregory
Published by
South-Western College
ISBN 10:
128516590X
ISBN 13:
978-1-28516-590-5
Chapter 11 - Part IV - Public Goods and Common Resources - Problems and Applications - Page 229: 2
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