Multiple Choice
When city beautification programs are funded privately, which of the following is likely to result?
A) The private costs exceed the marginal benefits of the beautification programs.
B) Only contributing citizens are likely to benefit from a more beautiful city.
C) Both free riders and contributing citizens are likely to benefit from a more beautiful city.
D) An overallocation of resources toward the beautification project is likely to occur relative to what is socially efficient.
Correct Answer:
Verified
Correct Answer:
Verified
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