Which of the Following Is a Disadvantage of Government Provision

question 420

Multiple Choice

Which of the following is a disadvantage of government provision of a public good?

• A)The government lacks information about what people are willing to pay for the good.
• B)The government does not provide enough of any public good.
• C)The private sector can provide all public goods at a lower cost.
• D)None of the above is a disadvantage.

---

Definitions:

CEOs

Chief Executive Officers who are the highest-ranking individuals in a company, responsible for major corporate decisions.

Competitive Strategy

An approach a business takes to differentiate itself from its competitors to gain a competitive advantage.

Behavioral Integration

The degree to which diverse groups or individuals within an organization share and combine their behaviors and information for collective benefit.

Strategic Decisions

High-level choices made by top management that determine the overall direction and long-term objectives of an organization.