Which statement is TRUE?
- Individuals tend to underestimate the amount of a public good that they desire.
- It is possible to observe how much people benefit from consuming an additional unit of a public good.
- It is straightforward to estimate the marginal social benefits of public goods.
- It is difficult to get an accurate estimate of the marginal social benefits of public goods because individuals have an incentive to distort the truth about their willingness to pay.
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