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Market Failures: Public Goods and Externalities Market Failures: Public Goods and Externalities

Market Failures: Public Goods and Externalities - PowerPoint Presentation

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Uploaded On 2016-10-18

Market Failures: Public Goods and Externalities - PPT Presentation

05 McGrawHillIrwin Copyright 2012 by The McGrawHill Companies Inc All rights reserved Market Failures Market fails to produce the right amount of the product Resources may be Overallocated ID: 477629

externalities price lo2 surplus price externalities surplus lo2 benefit cost pay government consumer demand public goods lo3 producer market

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