A lighthouse is an example of a public good.

Question

Quizplus · Accepted Answer

A lighthouse is a classic example of a public good because it provides a non-excludable and non-rivalrous benefit to a large number of people. It is non-excludable because it is impossible to prevent ships from seeing the light, and it is non-rivalrous because one ship's use of the light does not reduce the availability of the light for other ships. Therefore, it is difficult for private businesses to provide and charge for the use of a lighthouse, making it a public good that is typically funded and maintained by the government.

A Lighthouse Is an Example of a Public Good