If a public good was left to be provided by the private sector
A) more than the efficient quantity would be produced.
B) less than the efficient quantity would be produced
C) the efficient quantity would be produced
D) the good would be provided at a very low price.
B
Economics
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When the price elasticity of demand for a good equals
A) 0, the demand curve is vertical. B) 0, the demand curve is horizontal. C) 1, the demand curve is vertical. D) 1, the demand curve is horizontal.
Economics
Which of the following is consistent with the equation of exchange?
A) Total spending must equal the total sales revenues of business firms. B) The money supply multiplied by velocity must equal GDP. C) The money supply multiplied by velocity must equal the price level times Real GDP. D) a and b E) a, b and c
Economics