To decide whether a public good should be provided, the government needs to know:
(i) what the costs to society of providing the good are
(ii) what the benefits to society of providing the good are
(iii) what price people pay for the good in an actual market
A)(i) and (ii)
B)(i) and (iii)
C)(i) only
D)(i), (ii) and (iii)

Question

Quizplus · Accepted Answer

The Answer of To decide whether a public good should be provided, the government needs to know:
(i) what the costs to society of providing the good are
(ii) what the benefits to society of providing the good are
(iii) what price people pay for the good in an actual market
A)(i) and (ii)
B)(i) and (iii)
C)(i) only
D)(i), (ii) and (iii)

To Decide Whether a Public Good Should Be Provided, the Government