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Simple cost-benefit analysis involving public goods

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Reference no: EM131536684

1. The U.S. has many treasures that warrant their protection, such as the Great Lakes, the nation's coastal wetlands, and the Smoky Mountains. 

a. Explain why simple cost-benefit analysis involving public goods such these are so difficult to undertake.

b. Should public policy overrule pure economics in these situations? Explain.

Reference no: EM131536684

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