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Explanation of Public Goods

What is a public good? Why does the government tend to produce public goods?

© BrainMass Inc. brainmass.com August 18, 2018, 10:38 am ad1c9bdddf

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Public goods refer to products and/or services that anybody can consume as much as needed. Instances of public goods are government libraries, museums, national defense, environmentally designed surroundings, public swimming pools, GPS signals, roads and ...

Solution Summary

The solution defines briefly public good and the rationale why the government produces it.

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