Tag: public-goods

Tag: public-goods

1 page tagged public-goods.

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• Chapter 28: Market Failures — Economics 101

  Public goods, positive and negative externalities, and black markets — the four canonical situations where free markets produce socially suboptimal outcomes and government intervention has a defensible case.

Related tags

• market-failure
• externalities
• free-rider
• pollution
• black-markets
• government-intervention