In economics,a public good:
A) Is any good produced by the government.
B) Always causes government failure.
C) Is provided in an optimal amount by the market.
D) Allows free riders to benefit from the good.
Correct Answer:
Verified
Q11: Which of the following is not an
Q12: Market failure means that the economy is
Q13: The most desirable combination of output attainable
Q14: Market failure implies that a policy of
Q15: Market failure occurs when:
A) Market prices signal
Q17: Sources of microeconomic failure that may require
Q18: Which of the following does not explain
Q19: Which of the following is an economic
Q20: The tendency for the market to under
Q21: An individual firm will not normally have
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