Question : Which of the following is an incorrect statement concerning public goods?
Option 1: Usually, public goods are provided by the government.
Option 2: Consumption of public goods by people is rivalrous in nature.
Option 3: It is not easy to collect fees for public goods from every individual.
Option 4: Public goods are non-excludable in nature.
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Correct Answer: Consumption of public goods by people is rivalrous in nature.
Solution : The correct option is Consumption of public goods by people is rivalrous .
Because public goods are non-rivalrous, the consumption of one individual does not affect the supply of the commodity for others. Private commodities, on the other hand, are rivalrous since the use of one individual limits the supply of that commodity for others.
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