An efficient amount of a public good is unlikely to be produced in a free market because
A) of the high cost of producing the public good.
B) of the existence of adverse selection.
C) there is no way to prevent a person who is not willing to pay for the good from receiving benefits from the good.
D) of the existence of moral hazard.
E) social benefits exceed social costs.
Correct Answer:
Verified
Q2: The concept of moral hazard was publicly
Q3: Economic losses in an industry are a
Q4: The diagram below shows demand and supply
Q5: Moral hazard is said to exist when
Q6: The diagram below shows demand and supply
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Q10: The diagram below shows the marginal benefit
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