Which of the following statements about public goods is true?

Question

Quizplus · Accepted Answer

Public goods are unlikely to be provided by private, profit-seeking firms because they cannot exclude non-paying consumers from using the good, a concept known as non-excludability. Additionally, there is often no rivalry in consumption, meaning that one person's use of the good does not diminish another person's use. These characteristics make it difficult for private firms to profit from the production of public goods.

Which of the Following Statements About Public Goods Is True