Multiple Choice
In the market for a public good, the equilibrium quantity of the good produced is too low because:
A) society does not want more to be produced.
B) a public good is an example of a negative externality.
C) the benefits of the good are not fully internalized by the producer.
D) a public good is a good consumed by the government.
Correct Answer:
Verified
Correct Answer:
Verified
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