Which is a characteristic of a public good?
A)the possibility of excluding payers from non-payers
B)non-rivalry and non-excludability
C)it is possible to withhold it from those who would not pay for it
D)it is provided by the private sector

Question

Quizplus · Accepted Answer

A public good has the characteristic of non-rivalry, meaning one person's consumption of the good does not diminish another person's ability to consume it. It also has the characteristic of non-excludability, meaning it is difficult or impossible to exclude individuals from benefiting from the good.

Which Is a Characteristic of a Public Good