Public goods are underprovided by markets because they are:

CA Foundation · Business Economics · MTP · May 2026
Public goods are underprovided by markets because they are:
(A) A. Rivalrous and excludable
(B) B. Rivalrous and non-excludable
(C) C. Non-rivalrous and excludable
(D) D. Non-rivalrous and non-excludable

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. Non-rivalrous and non-excludable

Topics: Public Finance

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