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Economics · Oct / Nov 2021 · Paper 12 · Question 4

2281Market failure

Which combination of characteristics describes a public good?

  1. Aexcludable and non-rival in consumption
  2. Bexcludable and rival in consumption
  3. Cnon-excludable and non-rival in consumption
  4. Dnon-excludable and rival in consumption

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Correct answer: C. non-excludable and non-rival in consumption

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