The Private Market Would Not Supply the Optimal Amount of National

question 172

Multiple Choice

The private market would not supply the optimal amount of national defence because:

• A)private citizens don't value national defence enough to cover the cost of private provision
• B)no-one has the right to attach a price to it and profit from its use
• C)private suppliers are unable to produce national defence
• D)the government would quickly take advantage of the profit opportunity and undersell to the private suppliers

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Definitions:

Blind Spot

An area in the visual field that lacks light-detecting photoreceptor cells, making it insensitive to light.

Ganglion Cells

Specialized neurons located in the retina that play a critical role in the visual system by transmitting image information from the photoreceptors to the brain.

Photoreceptor Cells

Specialized cells in the retina of the eye that respond to light, enabling vision by converting light into electrical signals.

Pupil

The opening in the center of the iris of the eye that controls how much light enters the eye.