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Homework answers / question archive / To solve the problem created by public goods, society can either privatize the public good or A

To solve the problem created by public goods, society can either privatize the public good or A

Economics

To solve the problem created by public goods, society can either privatize the public good or

A. make the good illegal

B. make the public good excludable by finding a way to make consumers pay for it

C. offer rebates to producers to make the good private

D. subsidize consumers who are excluded from consumption

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To solve the problem created by public goods, society can either privatize the public good or

B. make the public good excludable by finding a way to make consumers pay for it

If the government puts a price of the public good, then those who fail to pay would not enjoy the benefit derived from the good. For example, the government can erect a toll station on the public bridge to compel any person crossing the bridge to pay for its construction expenses.