Which of the following is a sound economic reason why the government should subsidize your college education?
A) To help the school's monopoly power over private schools.
B) It is too expensive.
C) There are external benefits associated with education.
D) The profit motive would cause the private sector to overproduce education.
Correct Answer:
Verified
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A)Leads
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A)Occur because of government failure.
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B)An externality.
C)An inequity.
D)Government
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