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Public Goods, Externalities, and Information Asymmetries


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IN THIS CHAPTER YOU WILL LEARN:

  1. How public goods are distinguished from private goods.


  2. The method for determining the optimal quantity of a public good.


  3. The basics of cost-benefit analysis.


  4. About externalities (spillover costs and benefits) and the methods to remedy them.


  5. How information failures can justify government interventions in some markets.










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McConnell Economics 18/e OLCOnline Learning Center

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