When a good is undersupplied, we can assume it is most likely a:
A)common resource.
B)private good.
C)public good.
D)transitory good.

Name: When a good is undersupplied, we can assume it is most likely a: A)common resource. B)private good. C)public good. D)transitory good.
Brand: Quizplus
Rating: 4.8 (45 reviews)

Question

Quizplus · Accepted Answer

Public goods are often undersupplied in a free market because they are non-excludable and non-rivalrous, leading to the free-rider problem where not enough people pay for the good, resulting in its undersupply.

When a Good Is Undersupplied, We Can Assume It Is