Distinguish between private and public goods externalities. Discuss the likelihood of bargaining leading to an efficient allocation of resources in each case.

Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter17: Externalities And The Environment
Section: Chapter Questions
Problem 6QFR
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Distinguish between private and public goods externalities. Discuss the likelihood of bargaining leading to an efficient allocation of resources in each case.

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