A public good is a good that
A) is consumed by a single person or household.
B) cannot be used by private citizens.
C) is available for everyone to consume, regardless of who pays.
D) is provided by the government.

Question

Quizplus · Accepted Answer

A public good is a good that is non-excludable, meaning that it is available for everyone to consume, regardless of who pays. It is also non-rivalrous, meaning that the consumption of the good by one individual does not diminish its availability for others to consume. Examples of public goods include national defense, street lighting, and public parks.

A Public Good Is a Good That