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Tragedy of the Commons

Consumption o...

Question

Consumption of Private good does not reduce the consumption of others

A

True

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B

False

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Solution

The correct option is B False

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Q. Read the following statements carefully and choose the correct answer from the following:
Statement 1: Private goods are those goods, anyone who does not pay for them can be excluded from enjoying its benefits.

Statement 2: In the case of private goods, a person's consumption does not stand in a rival relationship to the consumption of others.

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