The government's provision of nonexcludable public goods such as national defense is accepted because

A. government is more efficient than private firms at producing goods.
B. the market fails to produce nonexcludable public goods as a result of the free-rider problem.
C. people do not value public goods such as national defense very highly.
D. a and c
E. all of the above


Answer: B

Economics

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A bilateral negotiation is a bargaining mechanism in which:

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