A public good is
A)nonrival and nonexcludable.
B)produced by monopolies.
C)rival and excludable.
D)rival and nonexcludable.
E)nonrival and excludable.

Question

Quizplus · Accepted Answer

A public good is nonrival, meaning that consumption by one individual does not reduce the availability of the good for others, and nonexcludable, meaning that it is difficult to prevent non-payers from obtaining the benefits of the good. Examples of public goods include national defense and lighthouses.

A Public Good Is