An Inefficiency Can Arise in the Provision of Public Good

question 6

Multiple Choice

An inefficiency can arise in the provision of public good:

• A)Because the good is non-rival.
• B)As a private sector firm cannot enforcement payment for the good.
• C)Because the marginal benefit curve for society is the vertical summation of individual MB curves.
• D)a and C

---

Definitions:

Biochemical Characteristics

Molecular and chemical properties of biological systems, such as enzymes, hormones, and other substances.

Cognitive Characteristics

Refers to mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.

Life Stressors

Events or conditions in one's life that cause stress, such as job loss, relationship problems, or financial difficulties.

Unipolar Depression

A major depressive disorder characterized by a persistent feeling of sadness or a lack of interest in external stimuli, without the manic episodes evident in bipolar disorder.