Public Goods Are Not Sold in Efficient Quantities in the Marketplace

question 145

Multiple Choice

Public goods are not sold in efficient quantities in the marketplace because:

• A) once supplied to a buyer, they are made available at no cost to someone else.
• B) the more one person has, the less another person has.
• C) they are usually so costly that only the wealthy can afford them.
• D) of none of the above.

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Definitions:

Birth

The process of being born, marking the beginning of a new life outside the mother's womb.

Land Ownership

The legal or rightful possession of land, which includes the right to use, rent, sell, or bequeath it.

Enclosure

The process of converting shared or communal lands into individually owned property, often associated with agricultural changes in Britain.