A Market Is Unlikely to Provide an Efficient Quantity of Public

question 89

Multiple Choice

A market is unlikely to provide an efficient quantity of public goods because

• A) only the government has the vast resources necessary to produce public goods.
• B) the nature of public goods makes it difficult for producers to withhold them from nonpaying consumers.
• C) the technology involved in the production of public goods makes it difficult for private firms to produce them even though they could be produced efficiently.
• D) private production of public goods generally results in a large amount of profit, which is difficult for a firm to effectively pay out to shareholders.

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Definitions:

Physical Exhaustion

A state of extreme physical tiredness or fatigue, often resulting from excessive work or exercise.

Mental Exhaustion

A state of extreme fatigue or depletion of mental resources, leading to reduced cognitive performance.

Constructive Stress

A form of stress that is perceived as beneficial, motivating individuals to perform better and achieve their goals.

Stimulate Creativity

The process of encouraging innovative or creative thinking and problem-solving.