Left to their own, private markets tend to:
a. under-allocate resources to public goods.
b. allocate the economically efficient amount of resources to public goods.
c. over-allocate resources to public goods.
d. produce no public goods.
Question 2
When decision rights are decentralized, typically
a. decisions are being moved to those with less of the relevant information
b. decisions are being moved from those with stronger incentives to make good decisions
c. decisions are being moved from those with more of the relevant information
d. decisions are being moved from those with weaker incentives to make good decisions
Thyroid scan. The right image is the data from a thyroid scan, printed on a superimposed map of the
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Quadrants of left breast and axillary tail of spence
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Markets and Institutions Market Story Problem