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Ann [662]
3 years ago
6

Public goods represent a market failure because

Business
1 answer:
JulsSmile [24]3 years ago
7 0
Public goods are available everywhere and are <span>both non-excludable and non-rivalrous</span>
They represent a market failure because <span>by their very nature they are nonexcludable and nonrival which makes it difficult for the private sector to supply them profitably. Answer: B
</span>Public goods are nonrival in consumption and their benefits are nonexcludable
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