Assertion (A): Public goods are those goods and services that are collectively consumed by the public. Reason (R): Public goods are excludable and rivalrous in nature.

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KollegeApply · Accepted Answer

Assertion (A) is true, but Reason (R) is false. Explanation: • Assertion (A) is correct. It is true that the public collectively consumes goods. • Reason (R) is incorrect. Public commodities are non-rivalrous, meaning one person's consumption does not decrease the availability for others, and nonexcludable, meaning they cannot be prevented from being used.

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