Which of the following is a defining characteristic of a public good?

Question

Quizplus · Accepted Answer

A defining characteristic of a public good is that it is non-excludable, meaning that once it is available it is impossible to exclude anyone from using it. This makes it difficult for private firms to produce and distribute because they cannot profit from it. Instead, public goods are often provided by the government, funded by taxes, in order to ensure that everyone has access to them. Therefore, D is the best choice as it reflects the defining characteristic of a public good.

Which of the Following Is a Defining Characteristic of a Public