Which of the following is true of a public good?
a. It is nonexcludable and nonrival in consumption.
b. The private market will produce more than the efficient amount.
c. It must be provided by the government.
Ans: a. It is nonexcludable and nonrival in consumption.
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Answer the following statement true (T) or false (F)
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a. True b. False Indicate whether the statement is true or false