i. Could the provision of public good be privatized? ii. Why is it the case that...

i. Could the provision of public good be privatized?

ii. Why is it the case that prisons are run by the state?

iii. Sometimes in the presence of externalities, the market failure can be solved through monetary compensation between the parts: who receives the compensation? When is an agreement between parts not possible?

iv. Why have many governments recently been privatizing some natural monopolies?

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Expert Solution

Rahul Sunny answered 8 months ago

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