Multiple Choice
Why will for-profit producers not produce public goods?
A) Markets exist for private goods but not for public goods.
B) The cost of production can be easily determined.
C) Buyers will not be willing to pay for the goods since the benefits are not excludable.
D) All external benefits can be internalised using market prices.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Figure 15.6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Figure 15.6
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