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Please answer the questions with explanations

1. Which of the following types of goods are always nonri- 4. Market provision of a public good will lead to val in consumption? a. the efficient quantity. a. public goods b. the efficient price. b. private goods c. an inefficiently high quantity of the good. c. common resources d. an inefficiently low quantity of the good. d. inferior goods e. none of the good being provided. e. goods provided by the government 5. The overuse of a common resource can be reduced by 2. The free-rider problem occurs in the case of which of the following? a. private goods. a. a Pigouvian tax b. common resources. b. government regulations c. artificially scarce goods. c. tradable licenses d. motorcycles. d. the assignment of property rights e. all of the above. e. all of the above 3. Public goods are sometimes provided through which of the following means? I. voluntary contributions Il. individual self-interest Ill. the government a. I only b. II only c. III only d. I and III only e. I, II, and III We've updated our read aloud feature!2. Imagine that the city of Townville has 1,000 residents and pays $100,000 per year to rent a public good for the benet of every member of the community. 0. Identify and explain the two characteristics shared by every public good. b. Suppose a new resident moves to Townville. What is the additional cost of providing the public good to the new community member? Explain