Which of the following is not a characteristic of a public good?
A) It is scarce.
B) It is not diminished in amount as additional people consume the product.
C) Its benefits cannot be withheld from anyone.
D) It is free.
E) It yields widespread benefits.

Question

Quizplus · Accepted Answer

Public goods are non-excludable and non-rivalrous, meaning that the benefits cannot be withheld from anyone and they are not diminished as more people consume them. However, public goods are not necessarily free as they often require resources to produce and maintain.

Which of the Following Is Not a Characteristic of a Public