Which of the following statements about the private production of a public good is true?

Question

Quizplus · Accepted Answer

Private production of a public good can provide information about consumer preferences as the private producer would only produce the public good if they believe there is enough demand from consumers to cover the costs of production. This information can be useful to the government in determining whether to provide the public good themselves or to continue relying on private production. Additionally, private production can be efficient if the private producer is able to find ways to reduce costs and increase productivity.

Which of the Following Statements About the Private Production of a Public