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18 Aug 2020
When production of a good creates an external benefit:
- There is a negative externality.
- It results in the tragedy of the commons.
- There is a positive externality.
- A club good is being produced.
- Too much of the good is being produced.
When production of a good creates an external benefit:
- There is a negative externality.
- It results in the tragedy of the commons.
- There is a positive externality.
- A club good is being produced.
- Too much of the good is being produced.
Chika IlonahLv10
4 Oct 2020