The Efficient Quantity of a Public Good Can't Be Produced

question 72

Multiple Choice

The efficient quantity of a public good can't be produced by private firms because

• A) only the government has the necessary resources.
• B) it is impossible to determine the efficient amount.
• C) consumers have an incentive to free ride and not pay for their share of the good.
• D) private firms aren't large enough.
• E) the price would be too high if private firms produced the goods.

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The accumulation of wealth, assets, or material possessions, often viewed as a measure of individual or societal achievement and status.

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