The need to produce public goods provides a strong argument for:
A) regulation and subsidy.
B) regulation and government provision.
C) taxation and subsidy.
D) taxation and government provision.

Question

Quizplus · Accepted Answer

Public goods are non-excludable and non-rivalrous, meaning they are not efficiently provided by the market. Taxation and government provision ensure these goods are funded and available to all.

The Need to Produce Public Goods Provides a Strong Argument