Public goods are
A) rival in consumption, and their benefits are excludable.
B) nonrival in consumption, and their benefits are excludable.
C) nonrival in consumption, and their benefits are nonexcludable.
D) rival in consumption, and their benefits are nonexcludable.

Question

Quizplus · Accepted Answer

Public goods are characterized by being nonrival in consumption, meaning one person's consumption of the good does not reduce the amount available for others, and their benefits are nonexcludable, meaning it is difficult or impossible to prevent anyone from benefiting from the good once it has been provided.

Public Goods Are