Multiple Choice
Which of the following is true of public goods?
A) The market mechanism helps to signal the quantity that is demanded by the public.
B) Payment for consumption is efficiently provided by market prices.
C) Consumption by one person does not preclude consumption of the same good by another person.
D) The public sector is guided to produce the correct quantity by market prices.
E) Voluntary contributions will be sufficient to finance the production of public goods.
Correct Answer:
Verified
Correct Answer:
Verified
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