From the Standpoint of Economic Efficiency, Markets Tend to Provide

question 174

Multiple Choice

From the standpoint of economic efficiency, markets tend to provide

• A) less of a public good than would be efficient.
• B) more of a public good than would be efficient.
• C) exactly the amount of a public good that is efficient.
• D) none of the above.

---

Definitions:

Gas Station

A gas station is a facility that sells fuel and engine lubricants for motor vehicles.

Cubic Yard

A unit of volume used typically in the United States for materials such as concrete, measuring 3 feet long by 3 feet wide by 3 feet high.

Poisson Distribution

A probability distribution that represents the likelihood of a specific number of occurrences happening within a predetermined time or space interval.

Poisson Distribution

A probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space if these events occur with a known constant mean rate and independently of the time since the last event.