Public goods are generally provided by government because they are good for the

Question

Public goods are generally provided by government because they are good for the public. A lighthouse provides benefits to ships by warning the ships not to come too close to the shore at that point. Because the light from the lighthouse can be seen by anyone on the seas in that area, which of the following is not true? Too many lighthouses will be built. There is no way to exclude anyone from the benefit. The free rider problem means that no private individual has an incentive to build and operate a lighthouse. The lighthouse is an example of a public good. The government can take action to correct this market failure. Click save and submit to save and submit. Click save All answers to save all answers.

Explanation / Answer

Ans: Too many light houses will be built.

*****

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.