The Market System Fails to Provide the Efficient Output of Public

question 229

Multiple Choice

The market system fails to provide the efficient output of public goods because:

• A)​people place no value on public goods.
• B)​private firms cannot restrict the benefits from those goods to consumers who are willing to pay for them.
• C)​public enterprises can produce those goods at lower cost than private firms.
• D)​public goods create widespread spillover costs.

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Definitions:

Paradoxical Sleep Waves

Brain waves associated with REM (rapid eye movement) sleep, during which dreaming usually occurs and the body experiences atonia but the brain is active.

N3 Sleep

The third stage of non-REM sleep that is characterized by deep sleep, during which it is hardest to awaken someone, and when the body repairs and regrows tissues.

Sleepwalking

A disorder occurring during deep sleep, leading to walking or performing other complex behaviors while still mostly asleep.

Dangerous

Refers to something that is likely to cause harm or injury.