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| Topic: |
Business
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| Number of pages / Number of words: |
2 / 495 |
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Once the good is provided, policymakers need to be concerned about how much it is used (Mankiw, 2007). The government can solve the problem by reducing use of the common resource through regulation or taxes (Mankiw, 2007). Alternatively, the government can sometimes turn the common resource into a private good (Mankiw, 2007)...
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(2007), Principles of Economics, (4th edn), Thomson South-Western, Mason.
McConnell, C.R. and Brue, S.L. (1999), Economics: Principles, Problems and Policies, The McGraw-Hill Companies, Inc., United States of America.
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