What are the characteristics that differentiate between private and public goods?

What are the characteristics that differentiate between private and public goods?.

What are the characteristics that differentiate between private and public goods? How does the absence of mutual exclusion result in a free rider problem? What is the role of government in preventing market failures that result from too few resources being devoted to production goods and services that are essential to the public?

What are the characteristics that differentiate between private and public goods?

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