Public Goods Are Not Sold in Efficient Quantities in the Marketplace

question 206

Multiple Choice

Public goods are not sold in efficient quantities in the marketplace because:

• A)once supplied to a buyer, they are made available at no cost to someone else.
• B)the more one person has, the less another person has.
• C)they are usually so costly that only the wealthy can afford them.
• D)they are usually very poor quality goods.

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Definitions:

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