Private Markets Will Not Provide the Efficient Quantity of a Public

question 98

Multiple Choice

Private markets will not provide the efficient quantity of a public good because

• A) of the principle of minimum differentiation.
• B) public goods are rival and excludable.
• C) of rational ignorance.
• D) of the free-rider problem.

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Definitions:

Thermostat

A device that regulates the temperature of a system or environment.

Purple Wristband

In a healthcare setting, a purple wristband typically indicates a patient has a "do not resuscitate" (DNR) order.

Restrain

The act of holding someone back or restricting their movement, often for safety or control reasons.

Apical Pulse

The heart rate as measured at the apex of the heart, usually detected through a stethoscope placed on the chest's left side under the breast.