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Suppose the optimal amount of X is 100 units and that the market provides 123 units. This situation ...

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Suppose the optimal amount of X is 100 units and that the market provides 123 units. This situation ...

Suppose the optimal amount of X is 100 units and that the market provides 123 units. This situation is descriptive of

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externality provision.

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market failure.

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asymmetric information.

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a public goods problem.

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the free-rider dilemma.

Textbook

Economics

Edition: 12^th

Author: Arnold

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