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Why Do Market Failures Arise in Case of Public Goods

Question 13

Multiple Choice

Why do market failures arise in case of public goods?


A) The quantity produced is much more than is actually required by the people.
B) The quality of these goods are not good enough.
C) The quantity produced is too less from the society's point of view.
D) The government wastes a lot of resources for producing a public good.
E) The users of such goods are required to pay a high price for these goods.

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