Question: Which statement below is correct? Common goods are rival and nonexcludable. Public goods are rival and excludable. Common goods are nonrival and excludable. Private goods

Which statement below is correct?

  • Common goods are rival and nonexcludable.
  • Public goods are rival and excludable.
  • Common goods are nonrival and excludable.
  • Private goods are nonrival and excludable.

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