Which of the following is not a quasi-public good? (i) National defence (ii) An automobile (iii)…
National defence is a pure public good, while an automobile is a private good. Libraries and fire protection are commonly treated as quasi-public goods because their…
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Which of the following is not a quasi-public good?
(i) National defence
(ii) An automobile
(iii) Libraries
(iv) Fire protection
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Answer and explanation
Correct answer B
National defence is a pure public good, while an automobile is a private good. Libraries and fire protection are commonly treated as quasi-public goods because their services combine private benefits with benefits to the wider community.
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West Bengal SET (WB SET)