Producers Have Little Incentive to Produce a Public Good Because

question 108

Multiple Choice

Producers have little incentive to produce a public good because

• A)the social benefit is less than the private benefit.
• B)the social benefit is less than the social cost.
• C)there is a free-rider problem.
• D)there is a Tragedy of the Commons.

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Definitions:

Physically Attractive

Pertaining to characteristics of a person's appearance that are appealing or desirable to others.

Faces

The front part of a person's head, from the forehead to the chin, including the skin, muscles, and features such as the eyes, nose, and mouth.

Sexual Partners

Individuals with whom one engages in sexual activity, which may involve varying levels of commitment and emotional connection.

Cultures

The customs, arts, social institutions, and achievements of a particular nation, people, or other social group, shaping their way of life.