Which of the following is a defining characteristic of a public good?

Question

Quizplus · Accepted Answer

A defining characteristic of a public good is that it is non-excludable, meaning it is difficult or impossible to exclude individuals from accessing it once it is produced. This makes it difficult for private firms to profitably produce and distribute public goods, and thus they are typically provided by the government. However, government production and distribution is not a defining characteristic, as private firms can also produce and distribute public goods under certain government regulations. The decision to produce a public good may involve public input, but it is not necessarily made through the voting process.

Which of the Following Is a Defining Characteristic of a Public