Both Public Goods And Common Resources Involve Externalities.

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Both Public Goods And Common Resources Involve Externalities.

The externalities associated with public goods are generally _________. Because of this, the free-market quantity of public goods is generally ________ than the efficient quantity. The externalities associated with common resources are generally ________. Because of this, the free-market quantity of common resources is generally _________ than the efficient quantity.
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