Why do private solutions lead to suboptimal provision of public goods? Enumerate the ways

that private solutions do not lead to pareto optimal result. Do you think there is a way to provide

public goods efficiently?

Public economics textbooks often recommend that the government intervention in the economy

should be focused on the provision of public goods and the management/regulation of

monopolies. Yet, it is often observed that many goods that should be publicly provided are

privately provided (e.g., private, or blue guard security rather than policemen) and that many

decisions that should be made by the private sector are being made by government (e.g.,

completely built cars cannot be imported, only knocked down or CKD cars or parts). Give a

public economics/choice explanation of why governments sometimes fail to do what should be

done by the public sector but seem to have more than enough energy to do or decide what are

probably best done or decided by the private sector.