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8. The Types of Goods
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Problem 15
8. The Types of Goods
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8. The Types of Goods / The Free Rider Problem and the Tragedy of the Commons / Problem 9
Problem 9
Why are externalities important in the tragedy of the commons?
A
They represent costs not borne by the resource users.
B
They increase the availability of resources.
C
They reduce the need for government intervention.
D
They ensure efficient resource allocation.
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