Question

Discuss general equilibrium analysis of public goods in determination of its optimum level

Answer 1

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❏General equilibrium analyzes the economy as a whole, rather than analyzing single markets like with partial equilibrium analysis.

❏General equilibrium exists when supply and demand are balanced, or equal.

Answer 2

Explanation ♥️

General equilibrium analyzes the economy as a whole, rather than analyzing single markets like with partial equilibrium analysis.

General equilibrium exists when supply and demand are balanced, or equal.

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