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Unformatted text preview: Correct for negative externality: Pollution taxes Regulation Correct for positive externality: Subsidies; Regulation; 8.2 Public good: It is another source of market failure; A good that is nonrivalrous in consumption and nonexcludable; Private goods: A good with rivalrous consumption and excludability...
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This note was uploaded on 02/10/2011 for the course ECO 2251 taught by Professor Kirkland during the Spring '09 term at Troy.
- Spring '09