Multiple Choice
Public goods are NOT sold in efficient quantities in the private marketplace because:
A) once supplied to a buyer,they can be made available at no cost to someone else.
B) the more one person has,the less another person has.
C) they are usually so costly that only the wealthy can afford them.
D) they are usually very poor-quality goods.
Correct Answer:

Verified
Correct Answer:
Verified
Q113: Pharmaceutical companies typically face very high fixed
Q114: Use the following to answer question: <img
Q115: A good is excludable if nonpayers can
Q116: On hot summer days,beach parking lots are
Q117: The BEST example of an artificially scarce
Q119: A key feature of a public good
Q120: When the allocation of resources in a
Q121: Producers of artificially scarce goods face _
Q122: Imposing a Pigouvian tax on a good,establishing
Q123: Public goods differ from common resources in