The provision of public goods requires

Name: The provision of public goods requires
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Public goods are typically provided by the government or through collective action because they are non-excludable and non-rivalrous, meaning they are available to all members of society and one person's use does not diminish another's. This characteristic makes it difficult for private firms to supply these goods competitively, as they cannot easily exclude non-payers, making options A, B, and C incorrect.

The Provision of Public Goods Requires