Multiple Choice
The government's provision of nonexcludable public goods such as national defense is accepted because
A) government is more efficient than private firms at producing goods.
B) the market fails to produce nonexcludable public goods as a result of the free-rider problem.
C) people do not value public goods such as national defense very highly.
D) a and c
E) all of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Which of the following statements is false?<br>A)
Q114: Given a positive externality, the marginal social
Q115: Marginal social benefits are equal to<br>A)marginal private
Q116: The primary difference between private goods and
Q117: When negative externalities are connected with the
Q120: Suppose the production of a good results
Q121: Suppose the production of a good results
Q122: When a positive externality exists, the market
Q123: The free rider problem is the main
Q124: Market failure is a situation in which<br>A)the