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drdoombot drdoombot
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A year ago
One reason that national defence is a classic example of a public good is that

▸ military technology is too expensive for private firms to provide.

▸ it would be immoral for private firms to provide this essential commodity.

▸ the benefits of national defence cannot be kept from those who do not pay.

▸ all citizens want national defence.

▸ society deems it to be too important to be provided by the private sector.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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nemisisnemisis
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A year ago
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