Many forms of information are a public good, which means that:
A) all information is free, so users do not have to pay for it.
B) all information is costless to obtain.
C) it is difficult to exclude nonpayers from using it.
D) information is readily available to users.

Question

Quizplus · Accepted Answer

A public good is defined as a good or service that is non-excludable and non-rivalrous, meaning that individuals cannot be effectively excluded from using it and it does not diminish in quality or quantity as it is consumed by others. As such, many forms of information, such as scientific research, news articles, and weather forecasts, are considered public goods because they are difficult to exclude non-payers from accessing. This does not mean that the information is free or costless to obtain.

Many Forms of Information Are a Public Good, Which Means