Which Statement Is Generally TRUE

question 38

Multiple Choice

Which statement is generally TRUE?

• A) Private markets overprovide public goods.
• B) Private markets underprovide public goods.
• C) Private markets provide the socially optimal amount of public good.
• D) Public goods must be priced at more than twice their price in the private market in order to provide the socially optimal amount.

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Definitions:

Genetic Diversity

The total number of genetic characteristics in the genetic makeup of a species, contributing to its ability to adapt to various environmental changes.

Maintain

To keep in an existing state or condition, preserving the status or level of something.

Gametophytes

The haploid phase in the life cycle of plants and algae that produces gametes (sperm and eggs).

Sporophyte Body

The life cycle phase of plants that experience generation alternation, where they produce spores and are diploid.