Economics · Unit 2: Microeconomics

EC2.9 — Market failure: public goods

Economics · SL / HL · syllabus-mapped notes

EC2.9.1
Public goods
Explain why a good that is non-rivalrous and non-excludable invites free riding, and why the market therefore fails to provide it at all.
EC2.9.2
Government intervention in response to public goods
Evaluate direct government provision against contracting out to the private sector.

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