Something that must be supplied by the government because it cannot be provided by the marketplace is called

Question

Quizplus · Accepted Answer

A public good is a type of good that is non-excludable and non-rivalrous, meaning it is difficult or impossible to exclude individuals from its benefits and consumption by one person does not reduce the availability of the good to others. As a result, the private market is unlikely to produce these goods and services efficiently, and therefore the government must provide them. Examples of public goods include national defense, clean air and water, and public parks.

Something That Must Be Supplied by the Government Because It