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producers have little incentive to produce a public good because a. the social benefit is less than the social cost. b. there is a free-rider problem. c. the social benefit is less than the private benefit. d. there is a tragedy of the commons

Respuesta :

Producers have little incentive to produce public goods because the social benefit is less than the private benefit. The correct option here is c.

What do you understand about social benefits?

Social benefit is the transfers received by households intended to provide the needs that arise from certain events or circumstances. For instance unemployment, housing, family circumstances or sickness.

Social benefits also mean the total benefit to society from producing or consuming a good service. It includes all the private benefits in addition to any external benefits of production or consumption.

Social benefits are arranged to suit the demands of the whole society and not just a part of it.

Learn more about benefit here:

https://brainly.com/question/1913628

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