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For certain public projects such as flood control, what procedure can a government use to determine what quantity of a public good should be supplied?
For certain public projects such as flood control, what procedure can a government use to determine what quantity of a public good should be supplied?
a. It conducts public surveys to determine if consumers want the product.
b. It hires economists to estimate the market demand for the product.
c. It takes a vote in Congress.
d. It evaluates the costs and benefits of producing the good.
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