Because of the free- rider problem,
A) government will not be able to produce an efficient amount of a public good.
B) people need to pay a government user fee to pay for the good's production.
C) the private market will generally produce the efficient amount of a public good.
D) it is difficult to make people pay for a public good, and thus private markets will tend not to produce it.
E) too many people will over- consume a public good.
Correct Answer:
Verified
Q100: Economists generally agree that government intervention in
Q101: Suppose a law firm purchases additional insurance
Q102: The diagram below shows the supply and
Q103: An example of a common- property resource
Q104: In economics, the term "public good" refers
Q105: The total costs of government intervention in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents