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Eduncle posted an MCQ
October 19, 2019 • 20:24 pm 0 points
  • UGC NET
  • Economics

With reference to the characteristics of ?non-excludability? and ?non-rivalry?, ?Law and Order? is a classic example of

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    Eduncle Best Answer

    It is true that "law and order" exhibits positive externalities and is furthermore subject to increasing returns of scale, but the characteristics of non-excludability and non-rivalry refer to its 'public good' nature.

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