You’ll be asked to participate in a discussion related to public goods, common resources, and externalities. Choose one of the following articles to read and discuss:
Discuss the nature of the market failure (i.e. is it due to monopoly power, externalities, non-excludability as in the case of public goods, rivalry and non-excludability as in common resources) in the article –
Discuss the management of this market failure. (For example: How is this market failure being addressed, if at all, according to the article? If so, by whom (i.e. government or private firms)? Are there any obstacles in the way of solving the market failure?) –
What is one thing you learned from reading the article? –
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