Which of the following is a property of a public good?
A) People who do not pay do not get access to a public good.
B) Only selected people can consume benefits.
C) Public good is provided by the market.
D) Users collectively consume benefits.

Question

Quizplus · Accepted Answer

One of the defining properties of a public good is that its benefits are non-excludable, meaning that users cannot be prevented from consuming the benefits. Additionally, the benefits are consumed collectively by all users, regardless of how much each individual contributes towards the provision of the good. Therefore, choice D is the best answer. Choice A is incorrect because non-payers can still benefit from a public good, even if they do not contribute towards its provision. Choice B is incorrect because public goods are available to all users, not just selected individuals. Choice C is incorrect because public goods are not typically provided by the market, but rather by governments or other public entities.

Which of the Following Is a Property of a Public