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Name: Team: AP Microeconomics Problem Set #9 Unit 9: Market Failures1. Public Goods. Identify and explain the two characteristics of public goods. Give and explain examples. (/5)b. Explain why the
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AP Microeconomics problem set refers to a series of exercises and questions designed to help students understand the key concepts and applications of microeconomic theory.
Students enrolled in AP Microeconomics courses are required to complete and submit the problem sets as part of their coursework.
Students should carefully read each question, apply relevant microeconomic concepts, and clearly show their calculations and reasoning before submitting their answers.
The purpose of the AP Microeconomics problem set is to reinforce learning, assess understanding of microeconomic principles, and prepare students for the AP exam.
Students must report their answers, show any relevant calculations, and include explanations for their reasoning.
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