Which of the following statements is not true?
A) Some public goods are paid for by private philanthropy.
B) Private provision of public goods is usually unprofitable.
C) The free-rider problem results from the characteristics of nonrivalry and nonexcludability.
D) Public goods are only provided by government.
Correct Answer:
Verified
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Q12: Because of the free-rider problem,
A) the market
Q13: If many people in a community get
Q14: People enjoy outdoor holiday lighting displays and
Q15: Nonexcludability describes a condition where
A) one person's
Q17: Public goods are those for which there
A)
Q18: If one person's consumption of a good
Q19: Toll-free roads sometimes get congested, such as
Q20: A demand curve for a public good
Q21: Private firms can hardly produce a public
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