Which of the following is true?
A)Consumption of a public good by one individual reduces the availability of the good for others.
B)It is extremely difficult to limit the benefits of a public good to the people who pay for it.
C)Public goods are free whenever the government produces them.
D)From an efficiency standpoint, a market economy will generally supply too much of a public good.

Question

Which of the following is true?
A)​Consumption of a public good by one individual reduces the availability of the good for others.
B)​It is extremely difficult to limit the benefits of a public good to the people who pay for it.
C)​Public goods are free whenever the government produces them.
D)​From an efficiency standpoint, a market economy will generally supply too much of a public good.

Quizplus · Accepted Answer

Public goods are non-excludable, meaning that it is difficult or impossible to prevent individuals from benefiting from their provision. This makes it challenging to limit the benefits of the public good to only those who pay for it.

Which of the Following Is True