In a market economy, what is the role of the government with regards to public goods?

Question

Quizplus · Accepted Answer

In a market economy, the government has a role in facilitating the production of public goods, which are goods or services that benefit society as a whole and cannot be efficiently provided by the market. This can involve facilitating collective decision making and coordinating with private firms to produce these goods. The government does not need to take over production of all goods, hold a referendum for each public good, or force firms to produce public goods.

In a Market Economy, What Is the Role of the Government