Economics · Public Finance
Which of the following characteristics is true regarding 'public goods' in economics?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1There is a strong possibility of the free-rider problem in its consumption.✓
- 2Its consumption is highly rivalrous in nature.
- 3There is a clear link between producer and consumer maintained through the pricing mechanism.
- 4The principle of excludability is fully applicable to its consumption.
Correct answer
There is a strong possibility of the free-rider problem in its consumption.
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