Which of the Following Is True of Public Goods

question 10

Multiple Choice

Which of the following is true of public goods?

• A) The market mechanism helps to signal the quantity that is demanded by the public.
• B) Payment for consumption is efficiently provided by market prices.
• C) Consumption by one person does not preclude consumption of the same good by another person.
• D) The public sector is guided to produce the correct quantity by market prices.
• E) Voluntary contributions are sufficient to finance the production of public goods.

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Definitions:

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