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10
10. Which of the following is a case of market failure in the context of the provision of pure public goods?
A. Consumers pay higher prices for a good following a shortage of supply
B. A government decides to supplement the private sector provision of a good
C. A government finds it necessary to provide a range of goods not offered by the private sector
D. A government's financial support for an industry leads to over-supply and a loss of efficiency
Expert Solution
D) A government's financial support for an industry leads to oversupply and a loss of efficiency
This is the case of market failure in the context of provision of pure public goods.
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