An Efficient Amount of a Public Good Is Unlikely to Be

question 36

Multiple Choice

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

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

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