Chapter 20 - Public goods and externalities. In this chapter students will be able to: Explain what economists mean by the term public goods and the free rider-rider problem, describe the efficiency in the provision and distribution of a public good, define external benefits and external costs and show how their presence results in nonoptimal output levels for goods characterized by such aspects,. | Lecture Microeconomics: Theory and applications (12/e): Chapter 20 - Browning, Zupan
