Why is it that the private market fails to provide the efficient quantity of a public good?
a. because it is impossible to force those who benefit from the good to pay for it
b. because public goods are always large-scale projects that require government financing
c. because there are external costs associated with the provision of a public good
d. because there are uninsurable risks associated with a public good
Ans: a. because it is impossible to force those who benefit from the good to pay for it
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