When goods are produced privately, but the cost of their purchase is paid for by the taxpayer
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Question:
When goods are produced privately, but the cost of their purchase is paid for by the taxpayer or some other third party,
a consumers have a strong incentive to search out those firms offering them the best deal.
b private producers of such goods will have little incentive to control costs and provide them at low prices.
c the invisible hand will direct consumers and producers toward an efficient level of output.
d goods and services will only be supplied if consumers are willing to pay an amount sufficient to cover their production costs.
Related Book For
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
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