Which of the following displays these two characteristics: nonrivalry and nonexcludability in consumption?
A)public goods
B)private goods
C)quasi-public goods
D)common resources

Question

Quizplus · Accepted Answer

Public goods have nonrivalry and nonexcludability in consumption. Nonrivalry means that one person's consumption of the good does not diminish the amount available for others to consume. Nonexcludability means that it is difficult to exclude people from using the good once it is provided. Both of these characteristics make it difficult for private markets to provide the good, and therefore public intervention may be necessary.

Which of the Following Displays These Two Characteristics: Nonrivalry and Nonexcludability