Goods that have the properties of nonexcludability and nonrival consumption are called

Question

Quizplus · Accepted Answer

Private goods are excludable and rival in consumption, while public goods are nonexcludable and nonrival in consumption. Pigouvian goods are goods that have external costs or benefits, and their consumption or production can be regulated through taxes or subsidies. Therefore, the best choice for goods that have the properties of nonexcludability and nonrival consumption is public goods.

Goods That Have the Properties of Nonexcludability and Nonrival Consumption