Multiple Choice
For-profit producers will produce only private goods because
A) markets exist for private goods but not for public goods.
B) the cost of production can be easily determined.
C) buyers will be willing to pay for the goods since the benefits are excludable.
D) all external benefits can be internalized using market prices.
Correct Answer:

Verified
Correct Answer:
Verified
Q165: Consider a situation in which a utility
Q166: A.C.Pigou argued that the government can deal
Q167: Government-imposed quantitative limits on the amount of
Q168: Figure 5-16<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 5-16
Q169: Suppose a negative externality exists in a
Q171: Figure 5-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 5-3
Q172: Figure 5-9<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 5-9
Q173: When there is a negative externality, the
Q174: Figure 5-13<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 5-13
Q175: Private producers have no incentive to provide