What are the characteristics of public goods

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What are the characteristics of public goods and how do they differ from private goods? What is the free-rider problem and how does it explain why private, for profit, producers are unlikely to supply any public goods? What are some methods governments can use to determine the optimal quantity of a public good to provide? Would it be wise for the government to privatize the provision of public goods? Why or why not?

Reference no: EM131392324

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