If all voters in a particular political district have individual reservation prices less than the total cost of a public good (a park) ,then
A) the government should build the park.
B) some sort of collective action by voters will be necessary to fund the park.
C) a private firm will appear with the proposal to build the park.
D) the park will never be built.
E) by definition,the benefit of the park is less than the cost and thus the park should not be built.
Correct Answer:
Verified
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