If each of us relied exclusively on the market to determine what to buy,we would probably end up with few,if any:
A)cars.
B)bananas.
C)national parks.
D)computers.
E)t-shirts.

Question

Quizplus · Accepted Answer

National parks are a type of public good, and the market is not well-equipped to provide public goods. Public goods are non-excludable and non-rivalrous, which means that once they are provided, everyone can enjoy them without diminishing their availability. Since it is difficult to charge people individually for the use of public goods, the market may not produce enough of them. Therefore, relying exclusively on the market to determine what to buy may lead to under-provision of public goods like national parks.

If Each of Us Relied Exclusively on the Market to Determine