Private firms would be unlikely to attempt to produce the service of fending off incoming asteroids because:
A) it would be expensive.
B) no one cares about asteroids.
C) such a service would be a public good.
D) asteroids are protected by international law.

Question

Quizplus · Accepted Answer

Fending off incoming asteroids would be considered a public good because its benefits could not be exclusively enjoyed by those who pay for it. The entire population would benefit from the service, making it difficult for a private firm to profit from it without government funding or support. Additionally, asteroid threat detection and mitigation require advanced technology and expertise, which would make it expensive for private firms to pursue without government assistance. Thus, private firms would be unlikely to attempt to produce the service of fending off incoming asteroids.

Private Firms Would Be Unlikely to Attempt to Produce the Service