The Quantity of a Public Good Supplied by a Private

question 78

Multiple Choice

The quantity of a public good supplied by a private market is

• A) smaller than the efficient quantity.
• B) equal to the efficient quantity.
• C) the quantity that maximises total public benefit.
• D) larger than the efficient quantity.

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Definitions:

Social Cohesion

The bonds that bring people together in a society, enabling them to cooperate and live harmoniously.

Charismatic Leader

A person who inspires and motivates followers based on personal charm and the ability to influence.

World Religion

A religious belief system that has a large number of followers and is widely practiced around the world, including Christianity, Islam, Buddhism, Hinduism, and Judaism.

Most Widespread

Refers to something that is spread or distributed over a large area or among a large number of people, indicating extensive prevalence or common occurrence.