Which of the following is not a characteristic of a public good?
A)It requires resources to produce.
B)It is not diminished or depreciated as additional people consume the good.
C)Its benefits cannot be withheld from anyone.
D)Because it is a free good, there is no opportunity cost.

Question

Quizplus · Accepted Answer

Public goods are not free goods; they require resources to produce. Option D is incorrect as it implies that there is no opportunity cost for producing a public good, which is not the case.

Which of the Following Is Not a Characteristic of a Public