Question

Explain why public goods must be provided by the government.

Answer 1

Explanation:

Public goods are those goods and services for which consumption by some individuals does not reduce the amount available to others. ... These goods are non-rival and non-excludable goods. People receive benefits from public goods but do not pay for them. Such a good can be produced only by the government.

Answer 2

Explanation:

the SMC curve cut the AVC curve at the minimum point of the AVC curve