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Why does the market fail to produce public goods? a Because such products usually entail large external costs. b Because normally there is no demand

Why does the market fail to produce public goods?

a

Because such products usually entail large external costs.

b

Because normally there is no demand for such goods.

c

Because it is impossible for the producer to exclude non-buyers from enjoying the benefit.

d

Because their production normally leads to increased income inequality.

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