In my opinion, the most significant type of market failure has to be imperfect competition. Personally, I believe it has the most detrimental effects on the market and consumer. It only results in the firm receiving the most benefits. High prices and low output with a one of a kind product, and restrictions on other companies to sell this product, results in high profit for the firm. For the consumer, this may mean high prices for a product that, in my opinion, is not at its full potential of quality it could be. Although limitations may help ease this problem, government interventions may cause secondary problems.
i belive that the most significant market faliure would be imperfect competition. It has the power to have high prices or low prices on goods. the competioion in the market creates this price behaviors, which in genaeral only does harm to the cosumer.
The most significant type of market failure, in my opinion, is externalities. The effects that they could have, positive or negative, can be huge and really change a market.
In my opinion, the most significant failure is imperfect competition because it makes the market unfair. No free-market will lead low output and high price. For a particular firm, it seems that it will have high profits, but for consumers, they will spend more than the regular to get a production. Meanwhile, overall, there will be a deadweight lost exists. It is a waste of production, so imperfect competition actually is bad for both firms and consumers.
In my case, I think imperfect competition, one of market failure cases, is the most important problem to me. Imperfect competition means incomplete or unfair in competition, so I think that can be happened between big-large company and small company. Because market only pursue profit, they do not care any small industries. Eventually, many small industries can be destroyed and can be damaged because of big-large company and imperfect, unfair, NOT complete competition. Those things also can affect customers. Through imperfect competition, goods and services can be limited by few companies which are big. Like this, imperfect competition can harm some small industries and customers.
The most significant type of market failure in my opinion would be public goods. This is a unique idea in which the goods offered are non-rival and non-exclusive. This means that they are offered equally to all, creating a very positive effect on the community who recieves them. Parks, roads, police protection and military services are all examples of public goods, it can be agreed that these are all significant to our communities.
I think that the most significant type of market failure would be the imperfect competition. In imperfect competition only a small amount of output will be produced, however firms tend to charge higher prices. They block the entree of this industry in certain ways so that they are price makers. In this case firms tend to make more profit, on the other hand customers have to pay more for the smaller amount of output. So it is a significant type of market failure.
I beleive the most significant type of market failure is imperfect competition beacause in an imperfect competition, firms do whatever they can to fix prices and ruin competition. so i beleive this the the most significant type of market failure.
Imperfect competition is the most significant. This is because it causes the monopoly to use its market power to restrict output below the quantity at which the marginal social benefit is equal to the marginal social cost of the last unit produced, so it ends up keeping prices and profits high.
Imperfect competition is the main factor that leads to the failure of a market. If one company gets to control the market and control who and what and how much is made. It would be nice if the corporations could be honest and not control the market.
For me, I think the externalities, the negative externalities, are most significant. One of the central ideas emphasized today is the sustainable development of the economy and society. The negative externality generates the pollution, which puts an adverse effect to the people not involving in the transaction, and in a broad way, brings a deleterious influence to the whole earth and world. The market failure of the negative externalities, on the one hand, unbalance the sustainable economy which people promotes in the modern age, and on the other side, seriously endanger the health and econ-environment around the people. In this way, the government should naturally make a barrier to minimize the negative externalities of the plane by taxing in order to maintain the sustainable market structure.
I think the most significant market failure presented in class is externalities. If you consider the other market failures, it seems to me that those can exist longer than with externalities. For instance, imperfect competition is hard to file and even in the case of filing there undergoes a long process of trying to figure out whether it violates certain laws or not. Thus allowing it to exist for the time being. In addition, with public goods, someone is going to pay for it regardless of whether it is considered "free rider" and it typically is from government taxes which we are paying for anyway. However, with externalities, we see surpluses and shortages of items that can cause a major negative or positive impact in society especially pollution or tuition. These effect people and environments on greater levels since pollution is harmful and since greater education can lead to better decision making.
Public goods is the type of market failure that is the most significant to me. There are public goods that are non rival and non exclusive or they can be one and not the other. These public goods are open to anyone, because they are non rival and/or non exclusive.
In my opinion I believe the most significant type of market failure is public goods. I think it is important because they are non rival and non exclusive. Some examples are roads, parks, police protection which we all need and use in our neighborhood or community.
The worst market failure type in my opinion is imperfect competition. This type of market is caused by firms being able to raise prices to maximize profit while the quality stays the same or decreases.
The most significant type of market failure is the imperfect competition. the firms wants make more, so the customers have to pay more than the firms' output. So that is a type of market failure.
In my opinion, the worst market failure is imperfect competition. This is unfair. This just makes price keep rising. Firms can increase the price as much as they want for maximaize profit. Frims also can get a lot of profit, but customers need to pay a lot of money. I think this is the reason of being unfair. So I think this is the most significant market failure.
In my opinion, like many agree, it is imperfect competition. It has the power to have high or low prices in order to maximize profit, but it ends up in customers paying more that the firm's output.
As imperfect competition, it will cause the market monopoly. Instability of commodity prices, easy to form inflation, so that is kind of market failure.
mine would be externally, more often connected to a Nature phenomenon. This mainly due to the fact there is little one can do to prevent it. A successful business could be bankrupted tomorrow simply because of a tornado or a flood destroying its business
imperfect competition is the worst because it creates higher price white is shortens the amount if product. there is no way for he customer to get a lower price the have to pay the higher price that the firm is producing because that firm has all the power.
in my opinion, more than significance, externarlities are the most impressive. Especially in case of positive externarlities, it's very interesting, brecause it's one type of market failure that needs government intervantion like subsidizing even though it increases social benefits.
Imperfect competition is the most significant of the three because, it will lead to a low output creating an increase in the price of the product. It only benefits the firm, not the customer.
imperfect competition is the most significant because it can lead to one or a few firms controlling the whole industry which is very bad for consumers. it will eventually lead to high prices and a low quantity supplied. it is also significant because there is no competition which will again lead to the firm(s) charging whatever they feel like
I believe externalities is the most significant form of market failure. This is because negative externalities harm people who have nothing to do with the transaction. The bad out weighs the good and it is hard to over look in many cases. For example, pollution harms everyone but not everyone reeks the benefits of the production of steel.
In my opinion Imperfect competition just because this makes things unfair. I can also lead to one or more firsts controlling the whole industry and this affects the consumers. And because at the end of the day we are consumers and were the ones that are going to get affected.
Of the three types of market failures I believe the most SIGNIFICANT is imperfect competition. This is because it has created such a problem that entire Acts have been written to help minimize it. Imperfect competition creates unfair markets and a bad economy. Competition is what makes the American economy great and imperfect competition hinders the ability for that to happen.
I think the most significant out of the three is imperfect competition because the smaller amount of output is produced and we, as consumers have to pay more for less goods.. and the firmas get more revenue out of this, plus they tend to charge the highest price the consumers are willing to pay.
I think the most significant of the three types of market failure would be imperfect competition. This causes firms to produce less and charge more, therefore affecting the consumers more.
I would have to say the most significant failure to me is imperfect competition because it just makes the market completely unfair.For one the amount of production that is created by the leading firm creates a significant dead weight loss. Also when there is no free markets and that creates the higher prices in the econokmy. in my personal opinion it really only benefits the firm rather than the consumer.
The most significant market failure in my opinion is imperfect competition because of the fact that they have the power to increase prices, even if its above market price. Because of the limited amount they produce they can charge as much as they want. The high prices are bad for the consumers but good for the firm. -Jenna Halili
There has been a lot of sophisticated research conducted in today's society that the most significant type of market failure is the imperfect competition. Affecting the market severely with high prices and low output placing restrictions on other companies trying to sell that same product. Yeah, for them the results are high end profit margins.
For me, imperfect competition is the most significant market failure. Because the firms will do anything they want to do. They produce products in with less output, but they can make the prices go up. So that firms will get more profits. For consumers, they need to pay more money and they have no choice. So I think imperfect competition is the most significant.
In my opinion the most significant market failure is the imperfect competition because it has the market power and with a small number of firms and by decreasing the output which leads for firms to earn more profit so its more beneficial to the firms unlike the consumers .
I think imperfection compition is the most significant because it is the most common in market failure. Firms prodces less and end up paying more. When someone has the power to increase prices, people only have the option to pay more.
imperfect competition is the most significant because it gives firms the leeway to what they wish with the market. It does not benefit the consumers to have the monopoly controlling the market and prices.
in my opinion the most significant is imperfect competition because they control prices and the market of certain goods. Sometimes we need a product by force and then where forced to pay at their price rather if they where perfect com we would have more option and different prices. Externalities are significant to i guess because people complain abput pollution and all that junk, but at the same time the products and service their giving are needed.
Imperfect competition would be my opinion because even though it is good for the business owner, it is bad for the consumer. Prices tend to be very high and the quality of the service or good seems to get lower. Also there is little innovation for the business to do because there is no competitors. The best quality goods or services are the result of competition because each side is always releasing new products such as the computer industry.
I think imperfect competition is the worst because when a firm holds too much market power it can make the industry overpriced and stagnant which never ends up good for the consumers.
For me, I think the most significant failure is imperfect competition. Some companies just have low output, but they have high price. So they can get higher profit. But for customers, they need to pay for more money to get products, it's not fair. It broke the balance of market, so i think imperfect competition is fail.
I believe externalities have the most impact on the economy. Because, externalities are not always part of the economic model it is important to find a way to incorporate both the positive externalities so the market can allocate social benefits and costs. For example in the case of cap and trade for gas emissions, where higher polluting firms pay smaller firms for their emission allowances.
In my opinion of the three market failure imperfect competition is the most significant. Imperfect competition allows the firm to increase and decrease prices as they please, which is bad for us consumers. For Example Jordan shoes are worth on average $100 a pair because imperfect competition. But yet I have a pair or two of Jordan's.
The most significant market failure that impacts the market negatively would be imperfect competition. This really effects the market greatly due to the power large firms have in raising prices and overshadowing smaller firms. Firms have too much freedom which leaves much room for them to have a negative impact on society. I would say public goods are the more positive of the three.
I think that the most significant type of market failure is externalities mostly because its spill over effects have consequences that are not accounted for, whether they be positive or negative. I believe that negative externalities such as pollution, really have an impact on peoples lives and such cases may not be properly dealt with because taxes really aren't enough when a big company can cover up it's pollutants by throwing money at it.
Out of the three choices I would go with imperfect competition because a market has two main people. The market itself and the consumer, us. Without one, the other would not survive. Well, in technical terms, in this society people always need and markets need to provide.
imperfect competition is the most significant in my opinion because it allows firms to place whatever prices they want on items while actually producing less. it hurts the consumers because in most cases this happens where there is a non elastic demand
In my opinion public goods is the most significant of the three general types of market failure. it doesn't reduce the chance of other to have the goods and also benefit all . on the other hand, the two types cause other to sever with high prices or Air pollution.
The one that is most significant in market failure is, imperfect competition. Imperfect Competition creates dead weight loss. the dead weight loss results from price being set greater than marginal cost.
I think imperfect competition is the most significant market failure because a firm can name any price just by lowering quantities of a good forcing the consumers to suffer with higher prices and less goods. -Michael Villavicencio
For me, the most significant type of market failure would be imperfect competition. The reason would be because it does not meet the conditions for perfect competition, which can lead to a monopoly or oligopoly. In my opinion I feel like monopoly limits other people from creating jobs, which can lead to high levels of unemployment.
The most significant to me is public goods, because you the breakdown of rival, non-rival, exclusive & non-exclusive. When looking at these it basically leaves everyone with something, not one person doesn't have anything. There is always something available.
In my opinion I would say that imperfect competition is the most significant type of market failure. The reason being is that imperfect competition causes the firm to be able to do as they please it affects price, entry and exit, and supply, the firm is basically free to do as they please which isn't really a good thing for consumers.
Market failure is based on imperfect competition, externalities, and public goods. Out of the three classes of market failure I believe public goods are of the most significant, as people we take interest in purchasing a variety of goods which creates a successful market. Public goods neither rival or are exclusive to crushing the market. Public goods are the foundations of security, protection, transportation, and recreation areas. Public goods are also the taxes taken out of our salaries.
In my opinion, the most significant type of market failure has to be imperfect competition. Personally, I believe it has the most detrimental effects on the market and consumer. It only results in the firm receiving the most benefits. High prices and low output with a one of a kind product, and restrictions on other companies to sell this product, results in high profit for the firm. For the consumer, this may mean high prices for a product that, in my opinion, is not at its full potential of quality it could be. Although limitations may help ease this problem, government interventions may cause secondary problems.
ReplyDeletei belive that the most significant market faliure would be imperfect competition. It has the power to have high prices or low prices on goods. the competioion in the market creates this price behaviors, which in genaeral only does harm to the cosumer.
ReplyDeleteThe most significant type of market failure, in my opinion, is externalities. The effects that they could have, positive or negative, can be huge and really change a market.
ReplyDeleteIn my opinion, the most significant failure is imperfect competition because it makes the market unfair. No free-market will lead low output and high price. For a particular firm, it seems that it will have high profits, but for consumers, they will spend more than the regular to get a production. Meanwhile, overall, there will be a deadweight lost exists. It is a waste of production, so imperfect competition actually is bad for both firms and consumers.
ReplyDeleteIn my case, I think imperfect competition, one of market failure cases, is the most important problem to me. Imperfect competition means incomplete or unfair in competition, so I think that can be happened between big-large company and small company. Because market only pursue profit, they do not care any small industries. Eventually, many small industries can be destroyed and can be damaged because of big-large company and imperfect, unfair, NOT complete competition. Those things also can affect customers. Through imperfect competition, goods and services can be limited by few companies which are big. Like this, imperfect competition can harm some small industries and customers.
ReplyDeleteThe most significant type of market failure in my opinion would be public goods. This is a unique idea in which the goods offered are non-rival and non-exclusive. This means that they are offered equally to all, creating a very positive effect on the community who recieves them. Parks, roads, police protection and military services are all examples of public goods, it can be agreed that these are all significant to our communities.
ReplyDeleteI think that the most significant type of market failure would be the imperfect competition. In imperfect competition only a small amount of output will be produced, however firms tend to charge higher prices. They block the entree of this industry in certain ways so that they are price makers. In this case firms tend to make more profit, on the other hand customers have to pay more for the smaller amount of output. So it is a significant type of market failure.
ReplyDeleteI beleive the most significant type of market failure is imperfect competition beacause in an imperfect competition, firms do whatever they can to fix prices and ruin competition. so i beleive this the the most significant type of market failure.
ReplyDelete-German Coreas
Imperfect competition is the most significant. This is because it causes the monopoly to use its market power to restrict output below the quantity at which the marginal social benefit is equal to the marginal social cost of the last unit produced, so it ends up keeping prices and profits high.
ReplyDeleteImperfect competition is the main factor that leads to the failure of a market. If one company gets to control the market and control who and what and how much is made. It would be nice if the corporations could be honest and not control the market.
ReplyDelete-todd cullen
For me, I think the externalities, the negative externalities, are most significant. One of the central ideas emphasized today is the sustainable development of the economy and society. The negative externality generates the pollution, which puts an adverse effect to the people not involving in the transaction, and in a broad way, brings a deleterious influence to the whole earth and world. The market failure of the negative externalities, on the one hand, unbalance the sustainable economy which people promotes in the modern age, and on the other side, seriously endanger the health and econ-environment around the people. In this way, the government should naturally make a barrier to minimize the negative externalities of the plane by taxing in order to maintain the sustainable market structure.
ReplyDeleteI think the most significant market failure presented in class is externalities. If you consider the other market failures, it seems to me that those can exist longer than with externalities. For instance, imperfect competition is hard to file and even in the case of filing there undergoes a long process of trying to figure out whether it violates certain laws or not. Thus allowing it to exist for the time being. In addition, with public goods, someone is going to pay for it regardless of whether it is considered "free rider" and it typically is from government taxes which we are paying for anyway. However, with externalities, we see surpluses and shortages of items that can cause a major negative or positive impact in society especially pollution or tuition. These effect people and environments on greater levels since pollution is harmful and since greater education can lead to better decision making.
ReplyDeletePublic goods is the type of market failure that is the most significant to me. There are public goods that are non rival and non exclusive or they can be one and not the other. These public goods are open to anyone, because they are non rival and/or non exclusive.
ReplyDeleteIn my opinion I believe the most significant type of market failure is public goods. I think it is important because they are non rival and non exclusive. Some examples are roads, parks, police protection which we all need and use in our neighborhood or community.
ReplyDeleteThe worst market failure type in my opinion is imperfect competition. This type of market is caused by firms being able to raise prices to maximize profit while the quality stays the same or decreases.
ReplyDeleteThe most significant type of market failure is the imperfect competition. the firms wants make more, so the customers have to pay more than the firms' output. So that is a type of market failure.
ReplyDeleteIn my opinion, the worst market failure is imperfect competition. This is unfair. This just makes price keep rising. Firms can increase the price as much as they want for maximaize profit. Frims also can get a lot of profit, but customers need to pay a lot of money. I think this is the reason of being unfair. So I think this is the most significant market failure.
ReplyDeleteIn my opinion, like many agree, it is imperfect competition. It has the power to have high or low prices in order to maximize profit, but it ends up in customers paying more that the firm's output.
ReplyDeleteIn my opinion, i think it will be immperfect competition because it cause market unrealable. people will pay more.
ReplyDeleteAs imperfect competition, it will cause the market monopoly. Instability of commodity prices, easy to form inflation, so that is kind of market failure.
ReplyDeletemine would be externally, more often connected to a Nature phenomenon. This mainly due to the fact there is little one can do to prevent it. A successful business could be bankrupted tomorrow simply because of a tornado or a flood destroying its business
ReplyDeleteimperfect competition is the worst because it creates higher price white is shortens the amount if product. there is no way for he customer to get a lower price the have to pay the higher price that the firm is producing because that firm has all the power.
ReplyDeletein my opinion, more than significance, externarlities are the most impressive. Especially in case of positive externarlities, it's very interesting, brecause it's one type of market failure that needs government intervantion like subsidizing even though it increases social benefits.
ReplyDeleteImperfect competition is the most significant of the three because, it will lead to a low output creating an increase in the price of the product. It only benefits the firm, not the customer.
ReplyDeleteimperfect competition is the most significant because it can lead to one or a few firms controlling the whole industry which is very bad for consumers. it will eventually lead to high prices and a low quantity supplied. it is also significant because there is no competition which will again lead to the firm(s) charging whatever they feel like
ReplyDeleteI believe externalities is the most significant form of market failure. This is because negative externalities harm people who have nothing to do with the transaction. The bad out weighs the good and it is hard to over look in many cases. For example, pollution harms everyone but not everyone reeks the benefits of the production of steel.
ReplyDeleteIn my opinion Imperfect competition just because this makes things unfair. I can also lead to one or more firsts controlling the whole industry and this affects the consumers. And because at the end of the day we are consumers and were the ones that are going to get affected.
ReplyDeleteOf the three types of market failures I believe the most SIGNIFICANT is imperfect competition. This is because it has created such a problem that entire Acts have been written to help minimize it. Imperfect competition creates unfair markets and a bad economy. Competition is what makes the American economy great and imperfect competition hinders the ability for that to happen.
ReplyDeleteI think the most significant out of the three is imperfect competition because the smaller amount of output is produced and we, as consumers have to pay more for less goods.. and the firmas get more revenue out of this, plus they tend to charge the highest price the consumers are willing to pay.
ReplyDeleteI think the most significant of the three types of market failure would be imperfect competition. This causes firms to produce less and charge more, therefore affecting the consumers more.
ReplyDeleteI would have to say the most significant failure to me is imperfect competition because it just makes the market completely unfair.For one the amount of production that is created by the leading firm creates a significant dead weight loss. Also when there is no free markets and that creates the higher prices in the econokmy. in my personal opinion it really only benefits the firm rather than the consumer.
ReplyDelete-Matthew Smith
The most significant market failure in my opinion is imperfect competition because of the fact that they have the power to increase prices, even if its above market price. Because of the limited amount they produce they can charge as much as they want. The high prices are bad for the consumers but good for the firm.
ReplyDelete-Jenna Halili
There has been a lot of sophisticated research conducted in today's society that the most significant type of market failure is the imperfect competition. Affecting the market severely with high prices and low output placing restrictions on other companies trying to sell that same product. Yeah, for them the results are high end profit margins.
ReplyDeleteFor me, imperfect competition is the most significant market failure. Because the firms will do anything they want to do. They produce products in with less output, but they can make the prices go up. So that firms will get more profits. For consumers, they need to pay more money and they have no choice. So I think imperfect competition is the most significant.
ReplyDeleteIn my opinion the most significant market failure is the imperfect competition because it has the market power and with a small number of firms and by decreasing the output which leads for firms to earn more profit so its more beneficial to the firms unlike the consumers .
ReplyDeleteI think imperfection compition is the most significant because it is the most common in market failure. Firms prodces less and end up paying more. When someone has the power to increase prices, people only have the option to pay more.
ReplyDeleteimperfect competition is the most significant because it gives firms the leeway to what they wish with the market. It does not benefit the consumers to have the monopoly controlling the market and prices.
ReplyDeletein my opinion the most significant is imperfect competition because they control prices and the market of certain goods. Sometimes we need a product by force and then where forced to pay at their price rather if they where perfect com we would have more option and different prices. Externalities are significant to i guess because people complain abput pollution and all that junk, but at the same time the products and service their giving are needed.
ReplyDeleteImperfect competition would be my opinion because even though it is good for the business owner, it is bad for the consumer. Prices tend to be very high and the quality of the service or good seems to get lower. Also there is little innovation for the business to do because there is no competitors. The best quality goods or services are the result of competition because each side is always releasing new products such as the computer industry.
ReplyDeleteI think imperfect competition is the worst because when a firm holds too much market power it can make the industry overpriced and stagnant which never ends up good for the consumers.
ReplyDeleteFor me, I think the most significant failure is imperfect competition. Some companies just have low output, but they have high price. So they can get higher profit. But for customers, they need to pay for more money to get products, it's not fair. It broke the balance of market, so i think imperfect competition is fail.
ReplyDeleteI believe externalities have the most impact on the economy. Because, externalities are not always part of the economic model it is important to find a way to incorporate both the positive externalities so the market can allocate social benefits and costs. For example in the case of cap and trade for gas emissions, where higher polluting firms pay smaller firms for their emission allowances.
ReplyDeleteIn my opinion of the three market failure imperfect competition is the most significant. Imperfect competition allows the firm to increase and decrease prices as they please, which is bad for us consumers. For Example Jordan shoes are worth on average $100 a pair because imperfect competition. But yet I have a pair or two of Jordan's.
ReplyDeleteThe most significant market failure that impacts the market negatively would be imperfect competition. This really effects the market greatly due to the power large firms have in raising prices and overshadowing smaller firms. Firms have too much freedom which leaves much room for them to have a negative impact on society. I would say public goods are the more positive of the three.
ReplyDeleteI think that the most significant type of market failure is externalities mostly because its spill over effects have consequences that are not accounted for, whether they be positive or negative. I believe that negative externalities such as pollution, really have an impact on peoples lives and such cases may not be properly dealt with because taxes really aren't enough when a big company can cover up it's pollutants by throwing money at it.
ReplyDeleteOut of the three choices I would go with imperfect competition because a market has two main people. The market itself and the consumer, us. Without one, the other would not survive. Well, in technical terms, in this society people always need and markets need to provide.
ReplyDeleteimperfect competition is the most significant in my opinion because it allows firms to place whatever prices they want on items while actually producing less. it hurts the consumers because in most cases this happens where there is a non elastic demand
ReplyDeleteIn my opinion public goods is the most significant of the three general types of market failure. it doesn't reduce the chance of other to have the goods and also benefit all . on the other hand, the two types cause other to sever with high prices or Air pollution.
ReplyDeleteThe one that is most significant in market failure is, imperfect competition. Imperfect Competition creates dead weight loss. the dead weight loss results from price being set greater than marginal cost.
ReplyDeleteManuel Marroquin
003717102
I think imperfect competition is the most significant market failure because a firm can name any price just by lowering quantities of a good forcing the consumers to suffer with higher prices and less goods.
ReplyDelete-Michael Villavicencio
For me, the most significant type of market failure would be imperfect competition. The reason would be because it does not meet the conditions for perfect competition, which can lead to a monopoly or oligopoly. In my opinion I feel like monopoly limits other people from creating jobs, which can lead to high levels of unemployment.
ReplyDeleteThe most significant to me is public goods, because you the breakdown of rival, non-rival, exclusive & non-exclusive. When looking at these it basically leaves everyone with something, not one person doesn't have anything. There is always something available.
ReplyDeleteIn my opinion I would say that imperfect competition is the most significant type of market failure. The reason being is that imperfect competition causes the firm to be able to do as they please it affects price, entry and exit, and supply, the firm is basically free to do as they please which isn't really a good thing for consumers.
ReplyDeleteMarket failure is based on imperfect competition, externalities, and public goods. Out of the three classes of market failure I believe public goods are of the most significant, as people we take interest in purchasing a variety of goods which creates a successful market. Public goods neither rival or are exclusive to crushing the market. Public goods are the foundations of security, protection, transportation, and recreation areas. Public goods are also the taxes taken out of our salaries.
ReplyDelete