Producers Have Little Incentive to Produce a Public Good Because

question 108

Multiple Choice

Producers have little incentive to produce a public good because

• A)the social benefit is less than the private benefit.
• B)the social benefit is less than the social cost.
• C)there is a free-rider problem.
• D)there is a Tragedy of the Commons.

---

Definitions:

Antipsychotic Medications

Drugs used to manage psychosis, including symptoms such as delusions and hallucinations, often found in schizophrenia and bipolar disorder.

Psychotic Symptoms

Manifestations of psychosis, including hallucinations (seeing or hearing things that aren’t there) and delusions (false beliefs), often indicating a severe mental disorder.

Rate

A measure used to quantify the frequency, occurrence, or speed of an event or condition.

Onset Of Schizophrenia

The initial phase when symptoms of schizophrenia, a complex mental disorder marked by hallucinations, delusions, and cognitive issues, start to manifest in an individual.