The Primary Factor That Limits the Ability of Private Firms

question 153

Multiple Choice

The primary factor that limits the ability of private firms to supply public goods is

• A) the nonrival characteristic of public goods.
• B) the lack of well-defined demand.
• C) custom and tradition.
• D) the nonexcludable characteristic of public goods.
• E) diseconomies of scale.

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Definitions:

Mental Filters

Cognitive biases or assumptions that influence how individuals perceive and interpret information.

Internal-Operational Communication

Messages and information exchange within an organization, focusing on operational, procedural, and administrative matters.

Suppliers

Entities that provide goods or services to another organization or individual, typically within a commercial or business context.

Communication Skills

Communication Skills entail the ability to effectively convey, receive, and interpret messages in both verbal and non-verbal forms, ensuring clear and successful interactions.