In economics,a public good
A) Is any good produced by the government.
B) Has social costs of production lower than private costs of production.
C) Is provided in an optimal amount by the market.
D) Cannot be denied to consumers who have not paiD.A public good is a good or service whose consumption is nonexcludable.
Correct Answer:
Verified
Q3: A private good
A)Is consumed by one person
Q10: Which of the following is a source
Q17: Q19: Which of the following is possible when Q22: If public goods were marketed like private Q24: The market tends to underproduce public goods Q26: A public good Q35: If Good X has social demand that Q40: Externalities Q60: Firms in Colorado dump waste into the
A) Is any good produced
A)Occur because of government failure.
B)Are the costs
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents