For a nonrival good like pay-per-view television programs, the private market will lead to:
A) production of too much of the good.
B) consumption of too much of the good.
C) consumption of too little of the good.
D) outsourcing its production.

Question

Quizplus · Accepted Answer

Nonrival goods, like pay-per-view TV, can be consumed by many without reducing availability to others. The private market may underprovide such goods because they can't fully capture the benefits, leading to underconsumption.

For a Nonrival Good Like Pay-Per-View Television Programs, the Private