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assume private individuals are already providing some quantity of a public good in the absence of government intervention. if government begins to provide the public good, it is likely that:

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gouthami123

If the government begins to provide the public good, private provision will most likely be replaced by public provision, resulting in crowding out.

What is private provision ?

  • The term 'private provision' refers to the production, provision, or delivery of public services in one or more ways by the private sector.
  • Preferred provider organizations are the most common form of private health care provision. It strikes the best balance between insurers and individuals on the one hand, and insurers and providers on the other.
  • The central tenet of the private provision model is that the choices of one consumer have an impact on the welfare of all others through their contributions to the public good. As a result, there is a consumption externality that connects consumers and causes equilibrium inefficiency.
  • The term "public provision" refers to a provision that is funded through the budget and can be used without any direct payment.

To learn more about public provision refer to :

https://brainly.com/question/10188232

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