Which of the following explains why the free market fails to provide pure public goods, requiring government provision?
The existence of positive externalities causes overproduction by private firms.
Non-excludability makes it impossible to charge consumers directly, resulting in a missing market.
Information asymmetry prevents consumers from understanding the utility of the good.
High rivalry in consumption implies that one person's use reduces the availability to others.
23 exam-style questions on OCR A Level Economics Public goods. Each one has a worked solution and a mark scheme showing where the marks go.