Multiple Choice
It is argued that the market will
A) not produce a nonexcludable public good.
B) produce the socially optimal output of a nonexcludable public good.
C) produce too much of a nonexcludable public good.
D) produce a nonexcludable public good if marginal social benefits are equal to marginal private benefits.
E) b and d
Correct Answer:
Verified
Correct Answer:
Verified
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