Secondary education in Country Y is provided by state-funded schools and by private fee-paying institutions. State-funded provision ensures that education is free at the point of consumption for all resident children, including those from low-income households.
Which one of the following can be concluded about secondary education in Country Y?
Education possesses the properties of a pure public good.
The dual provision of education addresses the fundamental economic questions of 'how' and 'for whom'.
State provision ensures that the distribution of educational outcomes is fully equitable.
This mixed-market system of provision guarantees that allocative efficiency is achieved.
