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Author Question: Why are goods that are non-rivalrous and excludable (such as an uncrowded library or art gallery) ... (Read 50 times)

olivia_rose

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on: Oct 12, 2022
Why are goods that are non-rivalrous and excludable (such as an uncrowded library or art gallery) often provided by the government?
◦ The marginal private benefit to the last user is greater than the marginal private cost.
◦ The marginal cost to society of providing access to one more user is zero, so it is allocatively efficient to provide this good at a price of zero.
◦ Because when these goods are used beyond capacity, they would not be provided by private firms.
◦ The marginal benefit to society of providing access to one more user is zero, so it is allocatively efficient to provide this good at a price of zero.
◦ Because the government can provide these goods with fewer resources, it is productively efficient.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by olivia_rose on Oct 12, 2022

BryanAultm

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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olivia_rose

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Reply 2 on: Oct 12, 2022
:D TYSM

amandalm

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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