A hot dog sold by a street hot dog vendor is an example of a public good.

Question

Quizplus · Accepted Answer

A hot dog sold by a street hot dog vendor is a private good because it is rivalrous (the consumption of one hot dog by a person means one less hot dog available for someone else) and excludable (the vendor can choose not to sell a hot dog to someone who does not pay for it). A public good, on the other hand, is non-rivalrous and non-excludable, meaning that it can be consumed by anyone without reducing its availability to others and it is impossible to prevent someone from consuming it. Examples of public goods include national defense, clean air, and street lighting.

A Hot Dog Sold by a Street Hot Dog Vendor