Describe with an Example How Collaboration Systems Could Ease International

question 84

Essay

Describe with an example how collaboration systems could ease international business in the future.

Apply the principle of marginal social benefit being equal to the sum of individual marginal benefits in determining the efficient provision of public goods.

Understand how the free-rider problem affects the provision of public goods.

Analyze conditions under which public goods should be provided to enhance social welfare.

Calculate the efficient number of public goods based on marginal cost and marginal social benefit.