WBCS.LIVE practice question

Which of the following statements is/are true about private goods? I. Rivalrous in consumption II. Non-excludability III. Negative marginal cost Options:

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Both II and III
  2. Only I
  3. Only III
  4. Only II

Correct answer and explanation

Correct answer: Only I