Public goods tend to be _____ because the provider of the good cannot prevent someone from enjoying the good without paying for it, which means the good is _____.

Question

Quizplus · Accepted Answer

Public goods are underproduced because they are nonexcludable, meaning people can benefit from them without paying, leading to less incentive for private firms to produce them.

Public Goods Tend to Be _____ Because the Provider of the Good