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© 2007 Thomson South-Western, all rights reserved N. G R E G O R Y M A N K I W PowerPoint ® Slides by Ron Cronovich Public Goods and Common Resources 11.
© 2007 Thomson South-Western, all rights reserved N. G R E G O R Y M A N K I W PowerPoint ® Slides by Ron Cronovich 11 P R I N C I P L E S O F F O U R.
© 2009 South-Western, a part of Cengage Learning, all rights reserved C H A P T E R Public Goods and Common Resources M icroeonomics P R I N C I P L E.
© 2009 South-Western, a part of Cengage Learning, all rights reserved C H A P T E R Public Goods and Common Resources E conomics P R I N C I P L E S O.
© 2010 South-Western, a part of Cengage Learning, all rights reserved C H A P T E R 2010 update Public Goods and Common Resources M icroeconomics P R I.
Public Goods and Common Resources. Introduction We consume many goods without paying: parks, national defense, clean air & water. When goods have no prices,
