The Reason That Private Provision of a Public Good Often

question 4

Multiple Choice

The reason that private provision of a public good often leads to inefficiency is because

• A) private property rights are too costly to enforce.
• B) marginal private benefits are too costly to calculate.
• C) no one has the incentive to pay for the good.
• D) no one has an incentive to conserve the good.
• E) the tragedy of the commons occurs and too many public goods are provided.

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Definitions:

Obligations

Duties or responsibilities that individuals, organizations, or parties are legally or ethically bound to perform.

State Limits

Refers to the legal boundaries within which states exercise their jurisdiction and authority.

Rules Of Descent

The legal principles that determine the distribution of a deceased person’s estate among heirs in the absence of a valid will.

Uniform

Consistent or identical clothing worn by members of an organization while participating in that organization’s activities.