An Efficient Amount of a Public Good Is Unlikely to Be

question 53

Multiple Choice

An efficient amount of a public good is unlikely to be produced in a free market because

• A)there is no way to prevent a person who is not willing to pay for the good from receiving benefits from the good.
• B)of the high cost of producing the public good.
• C)social benefits exceed social costs.
• D)of the existence of moral hazard.
• E)of the existence of adverse selection.

---

Definitions:

Green Dining Room

A room designed by William Morris and Edward Burne-Jones located in the Victoria and Albert Museum, showcasing the Arts and Crafts movement.

Design Goals

The objectives or outcomes that a design process aims to achieve, guiding the development of a project or product.

Artistic Movement

A trend or style in art that collectively embodies a specific set of ideals, techniques, or goals during a particular period.

Victor Horta

A pioneering Belgian architect and designer, key figure in the Art Nouveau movement.