Public goods are

Question

Public goods are

Quizplus · Accepted Answer

Public goods possess all three characteristics: they are valuable socially, not depletable and not excludable, and subject to the "free rider" problem. Choice A is correct because public goods provide social benefits. Choice B is correct because public goods can be consumed by numerous individuals without being depleted, and exclusion of individuals from consuming public goods is difficult. Choice C is correct because if individuals are able to access public goods without paying for them, they may choose not to contribute to their provision or maintenance, thereby taking advantage of the resources provided by others.

Public Goods Are