An Efficient Amount of a Public Good Is Unlikely to Be

Multiple Choice

An efficient amount of a public good is unlikely to be produced in a free market because

A) there is no way to prevent a person who is not willing to pay for the good from receiving benefits from the good.
B) of the high cost of producing the public good.
C) social benefits exceed social costs.
D) of the existence of moral hazard.
E) of the existence of adverse selection.