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.

Question

Quizplus · Accepted Answer

Public goods can be provided by both government and private entities, including through private philanthropy. The statement that public goods are only provided by the government is not true, as there are instances where private organizations or individuals contribute to the provision of public goods.

Which of the Following Statements Is Not True