Which of the following is true in the case of a good, i.e., a 'Crowded City Sidewalk'?
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2 marksMicroeconomicsMarket failure, externalities and public goodsPublic goods and the classification of goodsModerateabout 1 min
UGC-NET 2025 Question 6: Market failure, externalities and public goods
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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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