At the ________ level of provision for a ________ good, the government must know everyone's preferences.
A) optimal; private
B) unregulated; private
C) optimal; public
D) unregulated; public

Question

Quizplus · Accepted Answer

For the provision of a public good at the optimal level, the government needs to know everyone's preferences to correctly assess the total benefit to society and determine the amount of the good that should be provided. Public goods are non-excludable and non-rivalrous, making their optimal provision more complex and requiring knowledge of individual preferences to achieve efficiency.

At the ________ Level of Provision for a ________ Good

At the Level of Provision for a Good