Which of the Following Is TRUE About Public Goods

question 83

Multiple Choice

Which of the following is TRUE about public goods?

• A) Consumption is rival and nonexcludable.
• B) Consumption is nonrival and excludable.
• C) Efficient provision occurs at the level of output at which total benefit is equal to total cost.
• D) Unregulated private markets produce less than the efficient quantity of a public good.

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