Asked by
Jennifer Ulloa
on Dec 11, 2024
Verified
The government sometimes provides public goods because
A) private markets would not produce any of the goods.
B) private markets would not produce the efficient quantity of the goods.
C) private markets would charge too high a price for the goods.
D) the government produces public goods more efficiently than private markets can.
Government
A system or group of people governing an organized community, often a state, and set policies, laws, and regulations.
Private Markets
Markets where transactions occur directly between parties without significant regulatory oversight, often avoiding public exchanges.
- Acquire knowledge about the role of the government in offering public assets and mitigating market shortcomings.
- Acquire knowledge about how market failure occurs in relation to public goods and external costs and benefits.
Verified Answer
MG
Learning Objectives
- Acquire knowledge about the role of the government in offering public assets and mitigating market shortcomings.
- Acquire knowledge about how market failure occurs in relation to public goods and external costs and benefits.