Which of the following is INCORRECT?
A. A private good is scarce.
B. A public good is scarce.
C. There is no competition in the provision of public goods.
D. There may be no competition in the consumption of public goods.
Answer:C
Which of the following is INCORRECT?
A. A private good is scarce. B. A public good is scarce. C. There is no competition in the provision of public goods. D. There may be no competition in the consumption of public goods.