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Question 2 1 pts When a good is characterized by non-excludability, it is theoretically possible for the government to O reac

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Answer #1

All of the above

Explanation: When a good is non-excludable, it means it is not possible to exclude the non-payers from using the good. In such a case, there is free rider problem in the market and the private market fails to reach an efficient outcome. In such cases, government can produce the efficient outcome by producing the public good.

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