Public Goods Are

question 149

Multiple Choice

Public goods are

• A) underprovided by the private market because the marginal cost of production is too high.
• B) overprovided by the private market because the marginal benefits of consumption are too high.
• C) underprovided by the private market because people's willingness to pay for the good is less than the marginal social benefit of the good.
• D) underprovided by the private market because the marginal benefits of consumption are too low.

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Definitions:

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