Which of the following statements about public goods is true?

Question

Quizplus · Accepted Answer

Public goods are goods that are non-excludable and non-rivalrous, meaning that individuals cannot be excluded from their use and the use by one individual does not diminish its availability to others. Because private, profit-seeking firms cannot capture the full value of providing public goods (since they cannot charge individuals for their use), they are unlikely to provide them in the absence of government intervention or subsidy.

Which of the Following Statements About Public Goods Is True