Discuss the concept of a pure public good with a few examples, the Pareto optimality in a perfectly competitive world of two individuals, A and B,

Discuss the concept of a pure public good with a few examples, the Pareto optimality in a perfectly competitive world of two individuals, A and B, and two goods, X and Y, if good X is a pure public good, and compare it with the Pareto Optimality where the two goods are private goods.

Discuss the concept of a pure public good with a few examples, the Pareto optimality in a perfectly competitive world of two individuals, A and B, and two goods, X and Y, if good X is a pure public…