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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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