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wrightjb wrightjb
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4 years ago
Because public goods are characterised by being collectively consumed

▸ the government cannot produce them.

▸ they are illegal.

▸ the private sector may not provide them because they cannot exclude those who do not pay.

▸ they are very expensive, thus the private sector cannot provide them.
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
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getdhgetdh
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4 years ago
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wrightjb Author
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4 years ago
Just got PERFECT on my quiz
brina10
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Yesterday
Thanks
tcat
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2 hours ago
Smart ... Thanks!
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