explain why the positive externality associated with the production of a pure public good implies that the market supply of the good is likely not efficient.
explain why the positive externality associated with the production of a pure public good implies that the market supply of the good is likely not efficient.
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter10: Externalities
Section10.3: Private Solutions To Externalities
Problem 3QQ
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explain why the positive externality associated with the production of a pure public good implies that the market supply of the good is likely not efficient.
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