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Questions › UGC-NET › UGC-NET 2023 › Q58
2 marksMicroeconomics › Market failure, externalities and public goods › Public goods and the classification of goodsHardabout 2 min

UGC-NET 2023 Question 58: Market failure, externalities and public goods

Which of the following are true in case of social goods?

A. Public goods are non-rival in nature.

B. Efficient provision of social goods needs a political process of budget determination.

C. Efficient provision of social goods involves horizontal rather than vertical addition of individual pseudo-demand-lines.

D. Among purely private and purely social goods, there are mixed cases which generate benefit or cost externalities.

E. Individual consumers will not bid for a social good, but will act as free-riders.

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Market failure, externalities and public goods has come up 114 times in 7 exams since 2006.

What this question tests

This question is on Public goods and the classification of goods, part of Market failure, externalities and public goods in Microeconomics.

Goods that are non-rival and non-excludable, and the condition for providing them efficiently.

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Question from the UGC-NET 2023 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.