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Author Question: In order to avoid the free-rider problem, which of the following goods is best provided by the ... (Read 159 times)

WWatsford

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In order to avoid the free-rider problem, which of the following goods is best provided by the government and paid for with tax dollars?
 a. Automobiles.
  b. Lighthouses.
  c. Bread.
  d. Prescription drugs.
  e. Windows.

Question 2

If the free market is called upon to provide public goods, then:
 a. there will more goods provided than is optimal.
  b. there will be fewer goods provided than is optimal.
  c. the market will provide the optimal number of goods.
  d. the market price will be correct, but the optimal amount of output will not be produced.
  e. the firms will earn excess profit.



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Hikerman221

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Answer to Question 1

b

Answer to Question 2

b




WWatsford

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Reply 2 on: Jun 30, 2018
Excellent


mcabuhat

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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