Question 11 (1.5 points) What is the rationale for government to provide public goods? Private markets would not produce any of the good. Private markets would charge too high a price for the good. Private markets would not produce the efficient quantity of the good Private markets produce public goods less efficiently than the government. Question 12 (1.5 points) For a common resource, such as trees in the forest, one person's use would likely result in which of the following outcomes? There will always be enough left since one person cannot make a major impact overall He or she would neglect to account for external effects. Other people are not likely to be worse off. Other people are likely to be compensated for their loss