When a good is nonrival and nonexcludable,it is a
A)natural monopoly good.
B)private good.
C)regulated good.
D)public good.
E)common resource.

Question

Quizplus · Accepted Answer

A good that is nonrival and nonexcludable is a public good. Nonrival means that one person's consumption does not reduce the amount available for others, and nonexcludable means that it is difficult or impossible to exclude someone from using the good once it is provided. Examples of public goods include national defense, public parks, and streetlights.

When a Good Is Nonrival and Nonexcludable,it Is a