Economics · Economy
Which of the following statements are generally true regarding private goods and public goods? (a) Private goods are divisible, whereas public goods are non-divisible. (b) Those who cannot pay the price for private goods can be excluded from using them. (c) Public goods are completely rivalrous in consumption. (d) Private goods are always provided free of cost in a mixed economy.
- 1(a) and (c)
- 2(b) and (c)
- 3(c) and (d)
- 4(a) and (b)✓
Correct answer
(a) and (b)
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