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what are Externalities and public goods ? what are some publick goods?
today in econ we are talking about public goods
a public good is a good that is both non-excludable and non-rivalrous in that individuals cannot be effectively excluded from use and where use by one individual does not reduce availability to others.
what are some public goods?
Public goods are economic products that are consumed collectively, like highways, sanitation, schools, national defense, police and fire protection.
we cant wait what we learn next week
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