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tino4ka555 [31]
3 years ago
9

Why does the market not supply public goods? What are the two characteristics of public goods?

History
1 answer:
gregori [183]3 years ago
5 0

Answer:

A public good has two key characteristics: it is nonexcludable and nonrivalrous. ... Nonrivalrous means that when one person uses the good, it does not prevent others from using it. Markets often have a difficult time producing public goods because free riders will attempt to use the public good without paying for it.

Explanation:

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