The reason why government must provide public goods is due to what?

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Rahul Sunny answered 2 years ago

should the government provide public goods

"Why is the private market unlikely to provide the optimal level of public goods due to...

"Why is the private market unlikely to provide the optimal level of public goods due to the free rider problem?"

The production of economically desirable public goods must be sponsored by government because: the law of...

The production of economically desirable public goods must be sponsored by government because: the law of increasing marginal opportunity costs does not apply to public goods. the existence of large external costs precludes their production in the private sector. the benefits derived from their production exceed the costs of producing them. public goods have characteristics which make it difficult or impossible for private firms to produce them profitably.

Government intervention to provide public goods is widely rationalized by the failure of the market mechanism...

Government intervention to provide public goods is widely rationalized by the failure of the market mechanism to efficiently allocate resources. Discuss the above statement in the light of the different classes of market failure that arise in actual economies.

How does the government establish the best price to charge for public goods? (Public goods are...

How does the government establish the best price to charge for public goods? (Public goods are goods that are supplied by the government)

Globalization Exercise Why do countries export goods? Why do they import goods? The reason is...

Globalization Exercise Why do countries export goods? Why do they import goods? The reason is to improve what they are not good at or do not have in abundance and to sell what they have in abundance. Using the website found below, complete the exercises listed below. From the website create a list of the top three exports and imports for these countries: USA Canada United Kingdom China Russia Once you have completed the list, answer...

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The reason why government must provide public goods is due to what?

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should the government provide public goods

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Government intervention to provide public goods is widely rationalized by the failure of the market mechanism...

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