Frequently,a public good can be adequately provided by private action when its benefits are

Name: Frequently,a public good can be adequately provided by private action when its benefits are
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When the benefits of a public good are concentrated among a small number of people, those individuals have a greater incentive to pay for its provision. They will directly benefit from the good and therefore may be willing to pay for it. In this case, private action can suffice in providing the good.

Frequently,a Public Good Can Be Adequately Provided by Private Action