A public good is one that is generally available for consumption by the public; that is, a person does not have to be a member of a special group or a club to be able to consume it.A good example would be milk for sale in a grocery store that is open to the public.True

Question

Quizplus · Accepted Answer

Milk for sale in a grocery store is not a public good because it is excludable and rivalrous; people must pay for it, and one person's consumption reduces the amount available for others. Public goods are non-excludable and non-rivalrous, like national defense or public parks.

A Public Good Is One That Is Generally Available for Consumption