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1.Indicate whether each of the following is a private good, a common resource, a natural monopoly, or a public good (according to the definitions in your textbook),
A. A fireworks display
B. A movie viewed at a large theater
C. A video rental
2. The consumption of alcohol is often cited as an example of a negative externality. Explain a situation in which alcohol would be considered a negative externality.
3. Describe the purpose of antitrust laws. What do they accomplish?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9478954

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