What are public goods?  Describe its two characteristics and give an example of a public good.  Why might the government intervene in the provision of public goods.  (Please answer concisely.)

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A: *Hi there as you have posted multiple questions , as per our guidelines we can only solved 1 at a…

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Q: Explain the DEMAND FOR THREE
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A: Disclaimer :-Since you have posted a question with multiple sub-parts, we will solve first three…