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Why do markets fail to provide public goods? A. Public goods are nonexclusive, so firms can't charge money for them. B. Public goods prevent negative
Why do markets fail to provide public goods?
A. Public goods are nonexclusive, so firms can't charge money for them.
B. Public goods prevent negative externalities, so the government must bear the cost.
C. Public goods provide positive externalities, so socially optimal production is higher than private production.
D. Public goods are rivals, so the government must prevent unfair competition among firms providing them.
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