Biology Forums - Study Force

Public goods are overproduced in the marketplace.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 2

It's difficult for a private firm to provide a public good because of free riders.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 3

A public good is any good or service that users collectively consume and there is no way to bar free riders.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 4

It's easy for a private firm to provide a public good because of free riders.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 5

An economic justification for government providing public goods and services is that many people can benefit regardless of whether they pay or not.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 6

Negative externalities result in unfair, excessively high prices.
 a. True
  b. False
  Indicate whether the statement is true or false

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