Using Figure 4

question 30

Multiple Choice

Using Figure 4.2, suppose point C represents the optimal mix of public and private goods for a society.The market mechanism is likely to result in a mix of output represented by point

• A)F because the market mechanism is inefficient.
• B)B because the market mechanism tends to overproduce public goods.
• C)C because the market mechanism is efficient.
• D)D because the market mechanism tends to underproduce public goods.

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