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Question
Consider community safety or defense, meaning freedom from crime and threats, to answer the following questions.
b. If you lived in a place with no government- funded police force, would you expect community safety to be oversupplied or undersupplied?
Solution
VerifiedAnswered 1 year ago
Answered 1 year ago
The main problem with public goods is that people want to consume more than that would be needed and without government funded police force, the community is unable to provide enough defense. Therefore, I would expect community safety to be undersupplied.
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