An Efficient Amount of a Public Good Is Unlikely to Be

question 53

Multiple Choice

An efficient amount of a public good is unlikely to be produced in a free market because

• A)there is no way to prevent a person who is not willing to pay for the good from receiving benefits from the good.
• B)of the high cost of producing the public good.
• C)social benefits exceed social costs.
• D)of the existence of moral hazard.
• E)of the existence of adverse selection.

---

Definitions:

Putnam and Poole

Scholars known for their contributions to the study of organizational communication and theory.

Negotiation Process

A structured approach involving two or more parties discussing an issue with the aim to reach a mutual agreement or resolve a conflict.

Communicative Framework

A structure or system that facilitates effective communication, often within an organizational or interpersonal context.

Assumptions

are beliefs or ideas that are accepted as true without proof, often serving as the basis for reasoning, decisions, or actions.