Public goods are those for which
A) external costs exist.
B) no external costs exist.
C) individuals who do not pay cannot be excluded from consuming the good.
D) individuals who do not pay can be excluded from consuming the good.

Question

Quizplus · Accepted Answer

Public goods are characterized by non-excludability, meaning that individuals cannot be excluded from consuming the good regardless of whether they have paid for it or not. This is a defining feature of public goods, along with non-rivalry, where one person's consumption of the good does not reduce the amount available for others.

Public Goods Are Those for Which