Determine the optimal level of provision of a public good, Microeconomics

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Determine the optimal level of provision of a public good

Problem

1. What is a public good? How can one determine the optimal level of provision of a public good?

2. Why does the free-rider problem make it difficult or impossible for markets to provide public goods efficiently?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Determine the optimal level of provision of a public good

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Microeconomics: Determine the optimal level of provision of a public good

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