Which of the following is a disadvantage of government provision of a public good?
A)The government lacks information about the value people place on the good.
B)The government does not provide enough of any public good.
C)The private sector can provide all public goods at a lower cost.
D)There are no disadvantages of government provision of a public good.

Question

Quizplus · Accepted Answer

The government often lacks precise information about individual preferences and the value people place on public goods, making it challenging to allocate resources efficiently and satisfy everyone's needs.

Which of the Following Is a Disadvantage of Government Provision