People have little incentive to produce a public good because:
A) fixed costs are usually too high.
B) production is impossible.
C) of the free rider problem.
D) social benefits are typically less than total costs.
Correct Answer:
Verified
Q44: Free riders are people who:
A) enjoy public
Q45: Why is national defense a public good?
I.
Q46: In which of the case below is
Q47: Public goods are:
I. excludable.
II. nonrival.
III. free to
Q48: Private goods can be provided by competitive
Q50: An example of a private good would
Q51: The city government taxes its residents to
Q52: Compared to private goods, the free market
Q53: Which of the following statements is TRUE?
I.
Q54: The sun has features of a:
A) public
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