Economics · Public Goods
Which one of the following statements is correct regarding public and private goods?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The marginal costs of providing both a public good and a private good to an additional individual are always zero.
- 2The marginal cost of providing a public good to an additional individual is always zero, while that of a private good is negative.
- 3The marginal cost of providing a public good to an additional individual is always negative, while that of a private good is positive.
- 4The marginal cost of providing a private good to an additional individual is always positive, while that of a pure public good is zero.✓
Correct answer
The marginal cost of providing a private good to an additional individual is always positive, while that of a pure public good is zero.
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