Multiple Choice
Why will a private market be unable to produce the efficient quantity of public goods?
A) Because the good is nonexcludable, so there is the free- rider problem.
B) Because the good's marginal cost is too low.
C) Because the good is rival, so no one will want to pay the producer for it.
D) All of the above answers are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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