Public Goods Are NOT Sold in Efficient Quantities in the Private

question 118

Multiple Choice

Public goods are NOT sold in efficient quantities in the private marketplace because:

• A)once supplied to a buyer,they can be 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)they are usually very poor-quality goods.

---

Definitions:

501(c)(4)

A designation by the IRS for nonprofit organizations that are allowed to engage in some political activities, provided that these activities do not become their primary focus.

Political Campaign Activity

Activities designed to support or oppose political candidates or political parties, typically involving advertising, fundraising, and public engagement.

Social Change

The transformation of culture, behavior, social institutions, and social structure over time.

Life Cycle

The series of stages through which an entity (organization, product, etc.) goes, from its inception to its termination or dissolution.