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Total benefit curve - PowerPoint PPT Presentation

PUBLIC GOODS AND COMMON RESOURCES

16. PUBLIC GOODS AND COMMON RESOURCES. CHAPTER. Objectives. After studying this chapter, you will able to Distinguish among private goods, public goods, and common resources. Explain how the free-rider problem arises and how the quantity of public goods is determined

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Introduction to Economics

Introduction to Economics. Some Economic Indicators. NPV Strong: Choosing among mutually exclusive projects Decide if the project can be funded Weak: Sensitive to interest rate No information about degree of acceptability Internal Rate of Return (IRR) Strong:

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Total benefit curve - PowerPoint PPT Presentation

PUBLIC GOODS AND COMMON RESOURCES

Introduction to Economics