Which of the following statements about public goods is not true?
A) They bestow collective benefits on members of society.
B) They are non-excludable since those who do not pay for them cannot be excluded from enjoying them.
C) They will be under supplied by the private sector.
D) They are only produced by government agencies.

Question

Quizplus · Accepted Answer

Public goods can be produced by both government agencies and private entities, although they are often associated with government provision due to their non-excludable and non-rivalrous nature. The key characteristic of public goods is not who produces them, but their accessibility and shared benefits.

Which of the Following Statements About Public Goods Is Not