Given below are two statements, one is labelled as Assertion A and the other is labelled as Reason R
Assertion A: There is no incentive for a profit maximising producer to supply public goods
Reason R: If he produces it, he is unable to exclude people from consuming it and hence he cannot charge a price
In light of the above statements, choose the most appropriate answer from the options given below
1
Both A and R are correct and R is the correct explanation of A
2
Both A and R are correct but R is NOT the correct explanation of A
3
A is correct but R is not correct
4
A is not correct but R is correct