Multiple Choice
Producers have little incentive to produce a public good because
A) the social benefit is less than the private benefit.
B) the social benefit is less than the social cost.
C) there is a free-rider problem.
D) there is a Tragedy of the Commons.
Correct Answer:
Verified
Correct Answer:
Verified
Q103: Is national defense excludable? Is it rival
Q104: Scenario 11-2<br>Consider the following goods:<br>• fire-protection services
Q105: Why is cable TV reception regarded as
Q106: The Tragedy of the Commons will be
Q107: Which of the following goods is the
Q109: Recall the four types of goods. Are
Q110: Advocates of antipoverty programs claim that fighting
Q111: Free goods are usually efficiently allocated without
Q112: If we can conclude that human life
Q113: Concerts in arenas are not excludable because