Public goods tend not to be sold in the marketplace because: A. they are, by nature, so...
Question:
Public goods tend not to be sold in the marketplace because:
A. they are, by nature, so inexpensive that everyone would be able to afford to buy them if offered in the marketplace.
B. the benefits would be denied to non-buyers if sold this way.
C. the additional (i.e., marginal) cost of an additional user is zero.
D. there would be no demand for them because they do not yield any benefits.
Public Goods:
Public goods are those goods which are available to all the member of the society for free or minimal cost. It can be provided by the government or private organization. Public goods are non-rivalrous and non-excludable in nature.
Answer and Explanation: 1
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View this answerPublic goods tend not to be sold in the marketplace because:
C. the additional (i.e., marginal) cost of an additional user is zero.
Public goods are...
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Public Good in Economics: Definition, Theory & Examples
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Chapter 3 / Lesson 64
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Learn the definition of a public good and understand the theory of public goods. Explore the characteristics of public goods and review various examples.
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