Determination of a public good depends only upon the technical characteristics of the good.

Name: Determination of a public good depends only upon the technical characteristics of the good.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Determination of a public good not only depends on the technical characteristics of the good, but also on its non-excludability and non-rivalry properties. These characteristics make it difficult for private markets to provide these goods efficiently, leading to a potential role for government intervention.

Determination of a Public Good Depends Only Upon the Technical