Please help me with this homework question! 10 points

Posted on 2014-03-14 11:40:00 in Economics by LOLA

He guys so I have homework due in Micro soon and I can't seem to get this question. If one of you could share your insight that would be great! Thanks so much. Heres the question:



Public goods are sometimes funded voluntarily, but in other cases, they must be provisioned through alternative means. For example, the government approach to providing public goods is usually to:

a. provide the public good directly, paying for it out of tax revenues

b. Hold a lottery in wich one of a number of firms is designated randomly as the only supplier of the public good

c. use taxes or regulations to limit production of the public good

d. rely on the "invisible hand" to solve the problem through voluntary trade

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