Markets May Have Difficulty Providing the Proper Quantity of a Public

question 14

Multiple Choice

Markets may have difficulty providing the proper quantity of a public good because

• A) individuals will tend to become free riders, and private firms will have difficulty generating enough revenue to produce an efficient quantity of the good.
• B) the good generally has a very large value to consumers relative to its cost of production.
• C) the good is one that tends to benefit a large number of people.
• D) the large profit involved in the production of a public good is generally too much for private firms to effectively pay out to shareholders.

---

Definitions:

Micturition

Micturition is the biological process of discharging urine from the bladder through the urethra to the outside of the body, commonly referred to as urination.

Urinary Bladder

A muscular sac in the pelvic cavity that stores urine before it is excreted from the body.

Ureters

Tubes that carry urine from the kidneys to the bladder, essential for the transportation of urine in the urinary system.

Urinary Bladder

A hollow organ in the pelvic region that stores urine prior to elimination.