Public goods:

Name: Public goods:
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Public goods:​

Quizplus · Accepted Answer

Public goods suffer from the free-rider problem, which means people can benefit from the good without paying for it, leading to underproduction or undersupply of the good. Public goods are not necessarily high priced, nor do they act as a safety net for the unemployed. They can benefit both the rich and the poor, but the issue is that individuals have an incentive to free-ride, limiting the provision of the public good.

Public Goods:​

Public Goods: