What statement best describes the relationship between socioeconomic status and privatization of a public good? (1 point)
• Socioeconomic status will not have any effect on privatization of goods.
• Lower levels of socioeconomic status will have higher-quality privatized public goods.
• Socioeconomic status makes privatized goods nonrivalrous and nonexcludable.
• Higher levels of socioeconomic status will demand higher-quality privatized public goods.