The government often provides goods that are nonrivalrous and nonexclusive to overcome which market failure? question 15 options:

a. negative externality (external costs)

b. positive externality (external benefits)

c. asymmetric information

d. public goods

Question

Business

Hyrum

5 November, 13:53

The government often provides goods that are nonrivalrous and nonexclusive to overcome which market failure? question 15 options:

a. negative externality (external costs)

b. positive externality (external benefits)

c. asymmetric information

d. public goods

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Answers (1)

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Gemma Tate · Answer 1

The correct answer is d, public goods.

The definition of a public good is a good or service that is nonrivalrous and nonexclusive. This means that individuals cannot be excluded from the use of the good or it can be enjoyed without paying for it, and use by one individual does not prevent others from using it.

The government often provides goods that are nonrivalrous and nonexclusive to overcome which market failure? question 15 options:a. negative externality (external costs)b. positive externality (external benefits)c. asymmetric informationd. public goods

The government often provides goods that are nonrivalrous and nonexclusive to overcome which market failure? question 15 options:

a. negative externality (external costs)

b. positive externality (external benefits)

c. asymmetric information

d. public goods