In the presence of externalities, and in the case of public goods and common resources, markets do not lead to
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In the presence of externalities, and in the case of public goods and common resources, markets do not lead to optimal provision. Why does the market fail in these cases?
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Answer:
hey, dude, don't tell me u have posted your homework questions online and hope someone would do them for you, i have read some of the questions u posted, and they are very closely related. I think u must be taking a principle class. suggest u to open ur textbook, if u wanna major in econ in the future. u will learn a lot. it is not as hard as u think, and u might find it interesting
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