Because we collectively consume ________ goods, firms in the private sector may not provide them because they ________ exclude those who do not pay.

Question

Quizplus · Accepted Answer

Public goods are those from which individuals cannot be excluded from using, and where use by one individual does not reduce availability to others. Firms in the private sector may not provide them because they cannot exclude those who do not pay, making it difficult to charge for their use.

Because We Collectively Consume ________ Goods, Firms in the Private