Examlex
Select the false statement from those provided.
Public Park
A piece of public land in urban areas designated for recreational use by the general public, often maintained by local government.
Socially Optimum
A state where resources are allocated in the most efficient way from a societal perspective, maximizing social welfare.
Positive Externality
A benefit that affects a party who did not choose to incur that benefit, often discussed in the context of public goods and services.
Pigouvian Subsidy
A payment designed to encourage activities that yield external benefits.
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