Multiple Choice
Which of the following is true of public goods?
A) They can only be supplied by the government.
B) They will tend to be supplied efficiently by the private sector when markets are competitive.
C) It is difficult to establish a one-to-one link between payment and receipt of such goods.
D) From an efficiency standpoint, private markets will tend to supply an excessively large amount of public goods.
Correct Answer:

Verified
Correct Answer:
Verified
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