Public goods: We know Pure public good is non-excludable and non-rival: any amount produced for one personor group benefits everyone in the community. Suppose there are two goods: X = public; Y =...


Public goods: We know Pure public good is non-excludable and non-rival: any amount produced for one personor group benefits everyone in the community. Suppose there are two goods: X = public; Y = Private. The productionfunction is X = Y (i.e. to produce one unit of X you need one unit of Y.). Assume



May 15, 2022
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