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What are the characteristics of a public good

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Reference no: EM132337296

Answer the following questions. with the applicable in text citation and references.

1. What are the characteristics of a "public good"? Why is it difficult for a private company to provide a public good?

2. What is the economic impact of government price controls? Provide an example of price controls in the healthcare area.

3. What economic rationale supports the government provision of health insurance to the poor?

Reference no: EM132337296

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