Examlex
Which of the following statements is not true?
Free-Rider Problem
A situation where individuals consume a public good without contributing to its cost, undermining the provision of that good.
Public Goods
are commodities or services that are provided without profit to all members of a society, either by the government or a private individual or organization.
Rival
In economics, a good or service that cannot be enjoyed by more than one person or group at the same time without diminishing its availability to others.
Excludable
Describes goods from which individuals can be easily excluded for non-payment, emphasizing property rights.
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