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Key questions to ask when deciding the appropriate intervention method are
Equilibrium
A state where market supply and demand balance each other, and, as a result, prices become stable.
Social Marginal Benefit
The additional benefit to society of consuming or producing one extra unit of a good or service, including both direct and external benefits.
Public Goods
Public goods are products or services that are non-excludable and non-rivalrous, meaning they can be consumed by anyone without reducing their availability to others.
Public Good
Nonexclusive and nonrival good; the marginal cost of provision to an additional consumer is zero and people cannot be excluded from consuming it.
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