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This is " Public Goods and Asteroid Defense " from our Principles of Economics: Microeconomics course. While the probability of an asteroid hitting the planet is

This is "Public Goods and Asteroid Defense" from our Principles of Economics: Microeconomics course.

While the probability of an asteroid hitting the planet is very low, its effect would be disastrous for all of us. So, who should pay for asteroid protection? A good like asteroid defense — a public good, meaning it’s nonexcludable and nonrival — has some unusual properties that challenge markets.

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