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History, 29.12.2019 05:31 001234567891011

What is a public good?
a. the part of the economy that involves the transactions of the government
b. a period of macroeconomic expansion followed by a period of contraction
c. a shared good or service for which it seems impractical to make consumers pay individually and to exclude nonpayers
d. a side effect of a good or service generating benefits or costs to someone who doesn’t decide how much to produce or consume

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What is a public good?
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