A Private,competitive Market

question 113

Multiple Choice

A private,competitive market

• A) provides the efficient quantity of a public good.
• B) allocates too few resources for a public good.
• C) allocates too many resources for a public good.
• D) can be relied upon to allocate resources efficiently both for private and public goods.
• E) will allocate too many resources for a public good only if free riding occurs.

---

Definitions:

Rice Wine

An alcoholic beverage made from the fermentation of rice, commonly consumed in East Asia and Southeast Asia.

Software Developer

A professional who designs, tests, and maintains software programs and applications.

Personal Finance Software

Computer programs that help individuals manage their financial accounts and investments, track spending, and budget.

Total Cost

The complete expenditure incurred in the production, operation, or provision of goods or services, including both fixed and variable costs.