Write a 525- to 700-word response to the following questions from Ch. 4, “Public Goods,” of Public Finance: A Contemporary Application of Theory to Policy:
- Question #3 What are the characteristics of the Lindahl equilibrium for cooperative supply of a pure public good? How does the free-rider problem affect the effectiveness of voluntary cooperative methods in achieving efficient levels of output for pure public goods? © Cengage
- Questions #4 and #5 in the section “Review Questions”
- 4. How does the condition for efficiency differ between pure public goods and pure private goods?
- 5. What problems are likely to arise if people try to supply public goods for themselves without cooperating and sharing costs?
- Part 2
- Include an explanation of what public finance tools could be used and why the study of public finance is important in understanding these comparisons.
Format your paper consistent with APA guidelines.