Competitive markets will generally produce
A) the efficient amount of a public good in the short run, but not in the long run.
B) the efficient amount of a public good.
C) too much of a public good.
D) too little of a public good.

Question

Quizplus · Accepted Answer

Competitive markets tend to underprovide public goods because they are non-excludable and non-rivalrous, leading to free-riding issues where individuals consume the good without contributing to its cost.

Competitive Markets Will Generally Produce