A public good is a good:
A)that is produced by a government agency.
B)that, when it is consumed by one decision maker, affects other decision makers in a way not reflected in the market price.
C)that, when it is consumed by one decision maker, does not reduce the quantity that may be consumed by other decision makers and to which all consumers have access.
D)that is free.

Question

Quizplus · Accepted Answer

Public goods are characterized by their non-rivalrous and non-excludable nature, meaning that one person's consumption of the good does not reduce its availability to others, and no one can be effectively excluded from using the good.

A Public Good Is a Good