Q: Consider the following statements regarding Public Goods and Externalities: 1. Non-rivalry and non-excludability are two characteristics of Public Goods 2. Market can provide the optimal amount of a good in the presence of externalities Which of the statements given above is/are correct?
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2
Correct Answer: (a)
The correct answer is (a): 1 only. Subject: Indian Economy | Sub-topic: General