The Reason That Private Provision of a Public Good Often

question 4

Multiple Choice

The reason that private provision of a public good often leads to inefficiency is because

• A) private property rights are too costly to enforce.
• B) marginal private benefits are too costly to calculate.
• C) no one has the incentive to pay for the good.
• D) no one has an incentive to conserve the good.
• E) the tragedy of the commons occurs and too many public goods are provided.

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Definitions:

Metacarpals

The five long bones found in the hand between the wrist (carpals) and the fingers (phalanges), making up the palm.

Phalanges

The skeletal structures found within human fingers and toes.

Carpals

The eight small bones that make up the wrist that connects the hand to the forearm.

Femur

The thigh bone, which is the longest, strongest, and heaviest bone in the human body, extending from the hip to the knee.