Both public goods and common resources involve externalities. a. Are the externalities
Chapter 11, Problem Problems and Applications 11.2(choose chapter or problem)
Both public goods and common resources involve externalities. a. Are the externalities associated with public goods generally positive or negative? Use examples in your answer. Is the free-market quantity of public goods generally greater or less than the efficient quantity? b. Are the externalities associated with commonresources generally positive or negative? Useexamples in your answer. Is the free-marketuse of common resources generally greater orless than the efficient use?
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