A public good is characterized by its non-excludability, meaning its benefits cannot be restricted to a small group of people, and its non-rivalrous nature, where one person's consumption of the good does not reduce the amount available for others.

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A Public Good Is

Question 139

Multiple Choice

A public good is

A) any good provided by government.
B) a good that can be most cheaply provided by government, though it may in fact be provided by private enterprise.
C) a good whose benefits cannot readily be restricted to a small group of people.
D) a good whose benefits cannot be enjoyed by an individual alone.

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