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Read the following statements carefully and choose the correct alternative from the following:

Statement 1 – Public goods are those goods and services that are collectively consumed by the public.

Statement 2 – Public goods are excludable and rivalrous in nature.


a) Both the statements are true.

b) Both the statements are false.

c) Statement 1 is true and Statement 2 is false

d) Statement 2 is true and Statement 1 is false

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Best answer

Correct option is (cStatement 1 is true and Statement 2 is false