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Darlyn Cervantes
on Nov 25, 2024

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If a public good provides social benefits that are greater than its costs, then the majority of voters would always vote in favor of producing the good.

Public Good

A service or product given to every member of a society for free, by either the government or a non-profit organization or individual.

Social Benefits

The advantages and improvements to society and communities resulting from actions, policies, or investments, including education, health, and public safety.

  • Evaluate the effects of producing public goods considering social benefits versus costs.
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Arizbeth MartinezNov 26, 2024
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