Public goods are:

Name: Public goods are:
Brand: Quizplus
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Question

Public goods are:

Quizplus · Accepted Answer

Public goods tend to be underproduced because they have the characteristics of non-excludability (people cannot be excluded from using them) and non-rivalry (one person's use does not diminish another person's use), which creates a free-rider problem. As a result, private firms may not have an incentive to produce these goods at an efficient quantity, leading to underproduction.

Public Goods Are