Author Question: The free-rider problem with a public good leads to A) inefficiency if the good is provided by ... (Read 127 times)

CBme · **on:** Jun 29, 2018

The free-rider problem with a public good leads to

A) inefficiency if the good is provided by only private markets with no government action.
B) overproduction if the good is provided by private markets.
C) underproduction if the good is provided by the government.
D) None of the above answers is correct.

Question 2

In the figure above, the lowest 20 percent of all households receive ________ percent of all income, the next lowest 20 percent receive ________ percent of all income and the richest 20 percent receive ________ percent of all income.

A) 20; 20; 20
B) 20; 40; 100
C) 10; 20; 40
D) 10; 10; 40