Explain what determines the \"optimal\" amount of a public good and how this concept of optimality...

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Economics

Explain what determines the \"optimal\" amount of a public goodand how this concept of optimality can change over time (as weelect new and different leaders). If you use any other sources, besure to cite them within the text as well as provide abibliographical citation at the end. Provide one \"unique\" (i.e.don't use one that a classmate has already used!) example of thefree rider problem that you have seen in your lives. From thisexample, identify what is causing the market failure and a possibleway to solve this problem.u

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The Optimal amount of Public good is determined by the demand and supply ie the Marginal Benefit MB and Marginal Cost MC of a Public good MB is the benefit received to the public from the use of that public good and MC is the cost incurred by the government in order to make that particular good available So the optimal amount of public good is the point of intersection of the MB and MC See Answer

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