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Question
Assertion (A): Public goods are those goods and services that are collectively consumed by the public.
Reason (R): Public goods are excludable and rivalrous in nature.
Options
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
Assertion (A) is true, but Reason (R) is false.
Assertion (A) is false, but Reason (R) is true.
Solution
Assertion (A) is true, but Reason (R) is false.
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