Private Markets Will Always Provide Too Few Public Goods Because

question 95

Multiple Choice

Private markets will always provide too few public goods because

• A) private markets will never provide goods at a price of zero, which is the efficient price.
• B) private markets will never provide goods that they know the government could provide.
• C) of the negative externalities associated with these goods.
• D) it is unlawful for private firms to provide public goods.
• E) the private marginal cost is less than the social marginal cost.

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Definitions:

Glomerular Filtration Rate

A measure of how well the kidneys filter waste and excess fluid from the blood.

Efferent Arteriole

The small blood vessel that carries blood away from the glomerulus of the kidney after filtration.

Colloid Osmotic Pressure

The pressure exerted by plasma proteins on the capillary walls, important in maintaining the water balance between blood and interstitial fluid.

Hematuria

The presence of blood in urine, which can be a sign of various underlying conditions affecting the urinary tract or kidney.