Private Producers Have No Incentive to Provide Public Goods Because

question 175

Multiple Choice

Private producers have no incentive to provide public goods because

• A)the government subsidy granted is usually insufficient to enable private producers to make a profit.
• B)production of huge quantities of public goods entails huge fixed costs.
• C)they cannot avoid the tragedy of the commons.
• D)once produced, it will not be possible to exclude those who do not pay for the good.

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Definitions:

Nonunion Workers

Employees who are not members of a labor union and therefore do not receive the benefits of collective bargaining or labor union protections.

Discharged

The termination of an employee's position or employment, often for reasons related to performance, conduct, or economic necessity.

Decertification Election

A process wherein workers vote to remove the representation of an existing union, essentially ending its authority to negotiate on their behalf.

Union Leaders

Individuals elected or appointed to represent and guide a labor union, managing negotiations and strategic decisions on behalf of its members.