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apadong apadong
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7 years ago
Public goods represent a market failure because
A) by their very nature they are nonexcludable and nonrival which makes it difficult for the private sector to supply them profitably.
B) positive externalities are created through their production.
C) their is incomplete information regarding their quality.
D) they are provided by firms with market power.
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Akshtsaklani21Akshtsaklani21
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7 years ago
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apadong Author
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7 years ago
You make an excellent tutor!
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Thanks
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Just got PERFECT on my quiz
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