Which statement is generally TRUE?
A) Private markets overprovide public goods.
B) Private markets underprovide public goods.
C) Private markets provide the socially optimal amount of public good.
D) Public goods must be priced at more than twice their price in the private market in order to provide the socially optimal amount.
Correct Answer:
Verified
Q7: If a good becomes less valuable as
Q8: Which is a property of a private
Q9: If individuals care about the outcomes for
Q10: Which activity is considered altruistic?
A) planting flowers
Q11: What property must a good satisfy to
Q13: Suppose many potential donors reduce their annual
Q14: Which of the following is TRUE when
Q15: Local phone service is:
A) excludable but not
Q16: Government may not be able to determine
Q17: A road,which can be considered as nonexcludable
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