What is a public good?
A)A good that is nonexcludable but rival in consumption.
B)A cost or benefit for stakeholders other than the actor undertaking an action.
C)An effect created by the interaction between two states.
D)A good that is nonexcludable and nonrival in consumption.
E)An international agency that monitors compliance with regulations.

Question

Quizplus · Accepted Answer

A public good is a good that is nonexcludable and nonrival in consumption, meaning it is difficult to prevent someone from enjoying the benefits of the good and consumption by one individual does not diminish the amount available for others. Examples include national defense and clean air.

What Is a Public Good