Economics · Market Failure
The under-provision of public goods by the free market is primarily caused by:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Inelastic demand from consumers
- 2Excessive government regulation reducing supply
- 3The free-rider problem arising from non-excludability✓
- 4Monopoly power of producers
Correct answer
The free-rider problem arising from non-excludability
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