This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Why will a private market be unable to produce the efficient quantity of public goods? A) because ... (Read 103 times)

Themember4

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
Why will a private market be unable to produce the efficient quantity of public goods?
 
  A) because the good's marginal cost is too low
  B) because the good is nonexcludable, so there is the free rider problem
  C) because the good is rival, so no one will want to pay the producer for it
  D) All of the above answers are correct.

Question 2

In the figure above, the Lorenz curve that shows the richest 20 of households percent receiving 60 percent of all income is
 
  A) curve A.
  B) curve B.
  C) curve C.
  D) curve D.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

blazinlyss

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Themember4

  • Member
  • Posts: 538
Reply 2 on: Jun 29, 2018
Excellent

vickybb89

  • Member
  • Posts: 347
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Many types of edible fungi are grown for the market. Many types of edible fungi are grown for the market.
Examples of the most common X-ray positions and the images they produce. Examples of the most common X-ray positions and the images they produce.
Private Practice Massage Therapy Business Plan Cont Private Practice Massage Therapy Business Plan Cont
DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ... DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ...
Air masses interact to produce weather Air masses interact to produce weather
Stepwise processing of pri-miRNA to produce miRNA Stepwise processing of pri-miRNA to produce miRNA
Video: Stimulus (introduction)

For a complete list of videos, visit our video library