Which of the following statements is not true? Multiple Choice Public goods are only provided by government. The free-rider problem results from the characteristics of nonrivalry and nonexcludability. Private provision of public goods is usually unprofitable. Some public goods are paid for by private philanthropy,

Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter5: Difficult Cases For The Market And The Role Of Government
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Which of the following statements is not true?
Multiple Choice
Public goods are only provided by government.
The free-rider problem results from the characteristics of nonrivalry and nonexcludability.
Private provision of public goods is usually unprofitable.
Some public goods are paid for by private philanthropy,
Transcribed Image Text:Which of the following statements is not true? Multiple Choice Public goods are only provided by government. The free-rider problem results from the characteristics of nonrivalry and nonexcludability. Private provision of public goods is usually unprofitable. Some public goods are paid for by private philanthropy,
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