Asked by Carol Hersan on Apr 25, 2024
At the ________ level of provision for a ________ good, the government must know everyone's preferences.
A) optimal; private
B) unregulated; private
C) optimal; public
D) unregulated; public
Optimal Level
The most efficient, beneficial, or favorable point in a process or activity, often associated with achieving the best outcome or maximum productivity.
Public Good
A good that is non-excludable and non-rivalrous, where one person's enjoyment of the good does not diminish the ability of others to enjoy it, typically provided by the government.
- Expound on the theory behind the optimum level of public goods provision.
Learning Objectives
- Expound on the theory behind the optimum level of public goods provision.
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