Private producers have no incentive to provide public goods ...

[tfester]

Private producers have no incentive to provide public goods because
 
  A) they cannot avoid the tragedy of the commons.
  B) production of huge quantities of public goods entails huge fixed costs.
  C) once produced, it will not be possible to exclude those who do not pay for the good.
  D) the government subsidy granted is usually insufficient to enable private producers to make a profit.

Question 2

By the percentage of each type of business organization in the United States, rank sole proprietorships, partnerships, and corporations in terms of the number of firms, revenue, and profits.
 
  What will be an ideal response?

[parker125]

Answer to Question 1

C

Answer to Question 2

In terms of the number of firms, sole proprietorships comprise 72 of U.S. businesses, corporations comprise 18, and partnerships 10. In terms of revenue, corporations earn 82, partnerships 14, and sole proprietorships 4. In terms of profits, corporations earn 60, partnerships 26, and sole proprietorships 14.

[tfester]

Correct answers!

[parker125]

Great! Please up vote