A public good
A) possesses the characteristic of nonrivalry in consumption
B) is one whose benefits cannot be shared
C) is provided by the public sector
D) has nonexcludable benefits
E) both (a) and (d)

Question

Quizplus · Accepted Answer

A public good is both nonrivalrous in consumption (meaning that one person's consumption of it does not prevent another person from consuming it) and nonexcludable (meaning that it is impossible or extremely difficult to prevent people from enjoying its benefits). It isn't necessarily provided by the public sector, and its benefits can be shared.

A Public Good