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Social goods are goods and services that bestow collective benefits on members of society.

melinoma86

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Social goods are goods and services that bestow collective benefits on members of society.

Question 1.

One reason to require licensing of attorneys is that

▸ legal services generate positive externalities.

▸ legal services are used primarily by the wealthy.

▸ legal services are a private good.

▸ consumers of legal services lack perfect information.

Question 2.

Social goods are goods and services that bestow collective benefits on members of society.

▸ true

▸ false

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 84 times

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gumpfable

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More solutions for this book are available here

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melinoma86 Author

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This site is awesome!

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gumpfable

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Good luck on the rest

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