Economics · Public Goods and Externalities
Consider the following statements regarding Public Goods and Externalities: 1. Non-rivalry and non-excludability are two characteristics of Public Goods. 2. The market can provide the optimal amount of a good in the presence of externalities. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither 1 nor 2
- 2Both 1 and 2
- 32 only
- 41 only✓
Correct answer
1 only
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