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:

Deculturation Process

The process of losing or diminishing one's native culture, usually as a result of contact with another culture or forced assimilation.

Organizational Rituals

Repeated and symbolic activities that reinforce an organization’s values and corporate identity.

Organizational Stories

Are narratives shared among members of an organization that embody its values, history, and culture.

Performance Standards

The expected levels of performance that set the benchmarks for quality or success in work tasks or goals.