An example of a market failure associated with the provision of public good in the private market is:

Select one:

a. free-riders pay too much for the good, so it is undersupplied

b. free-riders don't pay for the good, so it is undersupplied

c. free-riders pay too much for the good, so it is oversupplied

d. free-riders don't pay for the good, so it is oversupplied

The equation equation Y/L= A F(L, K/L, H/L, N/L) provides a mechanical summary of the four determinants of:

Select one:

a.

technology

b.

diminishing returns

c.

production

d.

productivity