khadijahchoudhery khadijahchoudhery
  • 19-12-2020
  • History
contestada

Why does the market not supply public goods? What are the two characteristics of public goods?

Respuesta :

kregslayburner
kregslayburner kregslayburner
  • 19-12-2020

Answer:

A public good has two key characteristics: it is nonexcludable and nonrivalrous. ... Nonrivalrous means that when one person uses the good, it does not prevent others from using it. Markets often have a difficult time producing public goods because free riders will attempt to use the public good without paying for it.

Explanation:

Answer Link

Otras preguntas

Why do scientists believe there might be water on the moon?
Do viruses belong to one of the domains of life? (Points : 1) Yes, they belong to Domain Eukarya. Yes, they belong to Domain Archaea. Yes, they belong to Domain
Why do governments provide some goods and services in market economies? They provide politicians with better jobs. Markets cannot operate without some governmen
Which officer led the Dambusters?
under Joseph Stalin, the main purpose of soviet education
What are welfare payments or consumer subsidies?
What did James Polk mean when he declared "Fifty-four forty or fight!" In the 1844 presidential campaign?
If BC=12 and CE=15 then what does BE equal?
use Operation Rolling Thunder in a sentence
What are hiccups and what causes them?