Why is it likely that road maintenance in a city would be underprovided if maintenance were only provided privately? The free rider problem Moral Hazard Adverse selection Market power

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter8: Market Failure
Section: Chapter Questions
Problem 4P
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Why is it likely that road maintenance in a city would be underprovided if maintenance were only
provided privately?
O The free rider problem
Moral Hazard
Adverse selection
Market power
Transcribed Image Text:Why is it likely that road maintenance in a city would be underprovided if maintenance were only provided privately? O The free rider problem Moral Hazard Adverse selection Market power
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