Because of free riders, a private, unregulated market would not produce the efficient quantity of a public good.

Name: Because of free riders, a private, unregulated market would not produce the efficient quantity of a public good.
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Question

Quizplus · Accepted Answer

Free riders benefit from a public good without paying for it, leading to underproduction in a private market as firms cannot capture enough revenue to cover costs.

Because of Free Riders, a Private, Unregulated Market Would Not