The Efficient Quantity of a Public Good Can't Be Produced

question 72

Multiple Choice

The efficient quantity of a public good can't be produced by private firms because

• A) only the government has the necessary resources.
• B) it is impossible to determine the efficient amount.
• C) consumers have an incentive to free ride and not pay for their share of the good.
• D) private firms aren't large enough.
• E) the price would be too high if private firms produced the goods.

---

Definitions:

Young Adults

Individuals in a developmental stage spanning late adolescence to early adulthood, typically aged 18 to 25, experiencing significant life transitions.

Financial Stability

The condition in which an individual or organization has sufficient resources to manage expenses and endure economic fluctuations.

Love

A complex set of emotions, behaviors, and beliefs associated with strong feelings of affection, protectiveness, warmth, and respect for another person.

Very Important

A term denoting something or someone of great significance or value.