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Author Question: Because public goods are characterized by being collectively consumed (Read 7 times)

tatyanajohnson

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on: Apr 19, 2019

Question 1

Public goods are generally produced by


◦ the government.
◦ monopolies.
◦ perfectly competitive industries.
◦ freely functioning markets.

Question 2

Because public goods are characterized by being collectively consumed


◦ the government cannot produce them.
◦ they are illegal.
◦ they are very expensive; thus the private sector cannot provide them.
◦ the private sector may not provide them because they cannot exclude those who do not pay.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by tatyanajohnson on Apr 19, 2019

atrochim

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Reply #1 on: Apr 19, 2019
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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tatyanajohnson

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Reply #2 on: Apr 19, 2019
Excellent


atrochim

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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