A public good is defined as a good that is non-excludable, meaning that individuals cannot be effectively excluded from its use, and non-rivalrous, meaning that consumption by one individual does not reduce availability to others. Examples of public goods include national defense, clean air, and lighthouses.

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A Public Good Is

Question 84

Multiple Choice

A public good is

A) a good that government provides to the public, such as roads, education, etc.
B) a good that is consumed in public, such as at a restaurant or ball park.
C) a good that if consumed by one person can be consumed by other persons to the same degree and the consumption of which cannot be denied to anyone.
D) a good that benefits the public more than it costs the public.

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