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EC311 · Intermediate Microeconomics

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EC311 / TOPIC 42

10.4 Public goods and common resources

One idea · follow the reasoning · then practise1 / 9

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Why do public goods sum MB vertically while common resources are overused?

A central pond connected with a public lamp, a food crate, technology parts, and a document in an envelope
VISUAL NOTE · Welfare and information Ask two questions: excludable and rival?

How does shared street lighting differ from fish removed from a common lake?