Two main characteristics of Public goods are that they are non-excludability and non-competitiveness. These characteristics make it difficult for market producers to sell their goods to the individual consumers. The Non-excludable means that it is expensive or impossible for users to exclude other users from using the product.
The US Border Patrol is a Public Good US Border Patrol is a public good because it is the non-competitive and non-exclusive. The Satellite TV is personal property. Equilibrium output is greater than efficient output when negative externalities exist in the market. Use the regulations that require firms to internalize external costs.
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Answer:
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Explanation:
Answer:
Gross Domestic Product"refers to the total value of all goods and services produced within a given period by a national economy domestic factors of production
Answer:
a) become certified in ISO 9000 standards
Explanation:
Currently, the European Union requires companies that have businesses within their borders, to comply with ISO 9000 quality standards