Public education is provided by the government because

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    there are external costs of providing education that the private sector will not choose to incur.
     it is a public good that is nonrival in consumption, and so government can provide it at a very low cost to the taxpayer.
     there are positive externalities associated with high levels of education and the private market would not provide a large enough quantity to be socially optimal.
     it is a public good that suffers from the free rider problem.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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there are positive externalities associated with high levels of education and the private market would not provide a large enough quantity to be socially optimal.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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