If a public good was left to be provided by the private sector,
A) less than the efficient quantity would be produced.
B) the good would be provided at a very low price.
C) more than the efficient quantity would be produced.
D) the efficient quantity would be produced.

Question

Quizplus · Accepted Answer

Public goods are non-excludable and non-rivalrous, meaning they are available to all without diminishing in value as more people use them. The private sector, driven by profit motives, would underprovide these goods since they cannot easily exclude non-payers, leading to less than the efficient quantity being produced.

If a Public Good Was Left to Be Provided by the Private